Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-409-875"
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"en.20111025.25.2-409-875"2
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"Global imbalances constitute a potential threat to financial and macro-economic stability, and may have repercussions for other economies. Effective global economic governance will enable minimisation of negative impacts and will correct the dangerous effects of globalisation, such as increased inequality or environmental destruction. This report, for which I voted, advocates a strong, independent and more democratic International Monetary Fund (IMF), with sufficient instruments and resources to enable it to increase its attention to cross-country linkages. It calls for the legitimacy of international institutions such as the IMF and the G20 to be strengthened. It calls on the G20 to conclude the discussions on the existence of a financial transaction tax at global level. It also calls on the Basel Committee on Banking Supervision to propose measures to ring-fence retail banking activities. Finally, it calls on the Commission to redefine the EU trade and investment strategy to include Brazil, Russia, India and China as future major trading partners."@en1
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