Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-092"
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"en.20101020.3.3-092"2
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"The financial, economic and social crisis has now been raging for two years. It has resulted in an unemployment rate of more than 10% in the EU and in the risk of a new recession. This is a crisis that we are unable to bring under control.
The next G20 summit will take place on 11 and 12 November in Seoul, under the Presidency of France. Establishing the G20 was the brainchild of President Sarkozy, who believes that nowadays, the global economy is no longer regulated by the 8, but by all the major developing countries, too. This framework allows for the development of an ambition grounded in a long-term vision. This crisis demands that we have genuine economic governance, rules restricting social dumping in developing countries, financial regulation, and a reform of the international monetary system. To achieve this, Europe must know how to speak with one strong and determined voice."@en1
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