Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-24-Speech-3-309"

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"en.20100324.21.3-309"2
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"Mr President, although the epicentre of the crisis is not located in the developing countries, they are the ones that have been seriously and deeply affected by its huge wave. The credit crunch, the uncertainty produced by the depression and the fall in international trade, investment flows and remittances from emigrant workers have been the main channels for the spread of a crisis preceded by a great deal of volatility in the prices of basic products and foodstuffs, and generated in circumstances of massive global imbalances. A concerted response to the crisis must take the developing countries into account and their agenda must form an essential component of global economic cooperation. Through the Committee on Economic and Monetary Affairs, we have asked that the International Monetary Fund consider the burden that the crisis has produced on the public finances of the developing countries in the report it is to prepare for the forthcoming G20 meeting, and that the Commission issue a communication in which an assessment is made as to how a tax on financial transactions might help to achieve the Millennium Development Goals, correct the global imbalances and promote sustainable development. I am glad that Mr Guerrero has taken up these proposals and I congratulate him on his splendid report."@en1
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