Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-419-500"
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"en.20111025.25.2-419-500"2
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"Recovery from the crisis requires us to address the inequalities that result from a lack of structural coordination and economic competitiveness. We need to do so both in countries that have a surplus and in those burdened by deficit. The strengthening and deepening of the single European market is exceedingly important. However, this must not prevent the European Union from making full use of the flexibility provided by the WTO in order to restore the balance of fundamental macro-economic factors and to increase prosperity.
For us to be able to reduce imported inflation and restore trade balances vis-à-vis oil-producing countries, we also need to reduce our energy dependency.
From the Commission, we need more resolute action in holding Member States accountable and emphasising the favourable effects for the EU and the euro area of a stronger economic governance framework that serves global cooperation and coordination. The financial and economic crisis has revealed on multiple occasions that the capital influx resulting from global imbalances must be addressed through responsible monetary policy and strong financial regulation."@en1
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