Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-422-875"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2011-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"pl"^^xsd:language2
lpv:document identification number	"en.20111025.25.2-422-875"2
lpv:hasSubsequent	lp_eu:2011-10-25-Speech-2-422-9372
lpv:speaker	lp:Czesław Adam Siekierski2
lpv:spokenAs	member; EPP (2009-07-14--2014-06-30)3 substitute; Delegation for relations with the United States (2009-09-16--2014-06-30)3 unknown; Polskie Stronnictwo Ludowe (2009-07-14--2014-06-30)3 member; AGRI (2009-07-16--2012-01-18)3 substitute; CONT (2009-07-16--2012-01-18)3 substitute; REGI (2009-07-16--2012-01-18)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3
lpv:translated text	"Among the many causes of the economic crisis – the global economic crisis – which some EU Member States are going through, we can also point to the lack of economic coordination and the need for appropriate supervision of financial institutions. It is rightly thought that the highly developed countries are currently experiencing a serious economic crisis. One of its causes has been the lack of the necessary coordination and then of economic governance at world level. It has turned out that leaving everything to the ‘invisible hand of the market’, without state supervision, was a mistake. Without doubt, a key forum for the exchange of views regarding the global economy is currently the G20. However, this is an informal body and it does not possess features characteristic of an international organisation such as the ability to make binding decisions and supervise their implementation. Another problem of the G20 is the lack of legitimisation from the international community. It seems that it is just an elite club of the world’s largest economies. The fact that the forum does not have broader foundations is a serious obstacle to its credibility, and this is something which should be given due consideration. Finally it is worth asking ourselves the question as to whether, in the light of the very different and often conflicting interests of particular states, global economic governance is possible at all. In my opinion, it will be difficult to move out of the structure of simple consultation and coordination of positions at political level, but even this is a lot for a beginning."@en1

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