Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-08-Speech-4-153"
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"en.20091008.13.4-153"2
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"It was important for the European Parliament to send out a clear message to the main world leaders following the G20 Summit in Pittsburgh. That has been done with the resolution adopted today, which points out that, although the worst of the financial crisis is behind us, the consequences in terms of budget and employment will be felt for a long time yet without joint action from the European Union, the United States and China. The latter have already taken decisions on the reform of the IMF, the supervision of traders’ bonuses, capital requirements, and transparency concerning complex financial products, so this G20 was not in vain.
Nevertheless, at least three huge tasks must still be completed if progress is to be made in controlling globalisation. The first is to really tackle tax havens, so much money that is missing from the States’ coffers. The second is to prevent a monetary storm from brewing as a result of the failure to rebalance exchange rates and the pursuit of competitive devaluations. The third is to tackle the volatility of the prices of basic commodities, especially foodstuffs, as this plays a part in increasing the imbalances and poverty in the world."@en1
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