Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-414-937"
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"en.20111025.25.2-414-937"2
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"The development of the global economy in recent decades has brought growth and prosperity, and has freed millions of people from poverty. Many others, however, still face poverty. Social and economic differences between and within countries must be reduced, and Europe’s fight against poverty must therefore be one of the main priorities of the EU 2020 strategy. The US and Europe are still tackling the consequences of the worst international economic recession since the Great Depression. The evolution of the global economy has, in recent decades, been marked by inequalities, and these are still primarily caused by a lack of competition. In view of the high degree of globalisation and the scale of capital flows, these imbalances make new demands on global governance and challenge the structures of existing institutional arrangements. Global imbalances constitute a potential threat to financial and macro-economic stability in the leading economies, and may have repercussions on other economies.
In my opinion, it is important for the EU to play a leading role in implementing reforms to the global economy aimed at improving the legitimacy, transparency and responsibility of international institutions, and the EU should also act as one party in international economic affairs. The EU must always promote fair trade, democracy, human rights, decent working conditions and sustainable development in its trade policies, in accordance with the Treaty of Lisbon, its internal agenda and the Millennium Development Goals."@en1
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