Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-234-000"

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"Mr President, many of our problems today in the world are global, not local, and the solutions therefore need to be global as well. There is not much point in Europe introducing measures which may be right in themselves but which are actually going to disadvantage the eurozone area or the European Union. They have to be global solutions, particularly in relation to things like transaction tax. I think, too, that we, as the European Union, need to demand a seat on the World Bank and International Monetary Fund governing bodies. The IMF needs to be far more democratic than it is currently. Its managing director needs to be elected on a merit-based system, and transitional developing countries also need greater voting rights. These measures are worth aiming for, and if we can get them, we will have a better system for dealing with the problems we face at the moment and ensuring those problems do not occur again in the future."@en1
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