Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-23-Speech-4-357"
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"en.20090423.62.4-357"2
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"Mr President, the G20 has sent out a valuable message: prosperity is indivisible, and the only sustainable recovery is a shared and inclusive one.
What we need to do now is make this a reality. We need to continue in this direction. The G20 has reaffirmed common priorities, made agreements to provide resources to the International Monetary Fund, development banks and for the promotion of trade. It has carried out reforms in global financial governance, implemented ambitious plans with regard to regulation and supervision, and has made progress in the fight against tax havens.
Without the G20, the situation would be desperate, and the sickness in the world economy could become chronic.
However, the most important thing to realise is that the G20 initiative is not an event but rather a process. The European Union is the most important, integrated, and balanced economic area in the world, and therefore must lead the way, as it has great potential and can enrich the global agenda with the realisation that we are not only in the midst of a cyclical crisis, but actually confronting a crisis with deeper roots, which requires the political initiative of the European Union."@en1
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