Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-090"

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"en.20101020.3.3-090"2
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"I would like to express my appreciation for the important contribution that this work will make in identifying a set of measures to be taken to overcome the current crisis and prevent the possibility of further crises. After the limits of a system of self-regulation were highlighted to a worrying degree by the recent financial crisis, it is becoming increasingly necessary for us to choose a global control system. The current phase of economic and financial instability, the most severe for decades, has led to an employment and social crisis on such a scale that decisive action is required to eliminate its negative repercussions and prioritise the opportunities that open up in a globalised economy. The crisis in recent years has sorely tried most of the advanced economies. Recovery is still slow for some countries even today, and the ongoing fragility of financial markets makes global coordination and the choice of appropriate economic and industrial strategies key aspects in combating the financial crisis. Global supervision should, in fact, promote the stabilisation of solid financial markets and sustain the current recovery, guaranteeing strong growth in demand and employment levels."@en1

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