Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-02-16-Speech-4-183"
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"en.20060216.20.4-183"2
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"Mr President, Commissioner, firstly, this report is very timely at this point, since the International Monetary Fund and other multilateral bodies have been with us for some years now, with the task of regulating the conditions of the world economy.
I believe that this is a story of success. A relative success, like all successes, ladies and gentlemen, but a success nonetheless, in relation too to the functioning of the International Monetary Fund, which has now put the kind of world crises that we have experienced during the history of the developed countries and in the developing countries behind us.
The emphasis placed by the International Monetary Fund on macroeconomic stability is fundamental in order to promote equal opportunities for economic development for everybody. Today we see it as essential for economic development to be based on a healthy balance of payments, inflation control and the balancing of budgets in the developing States. These healthy balances of public finances are fundamental to creating climates of confidence and, ultimately, to enabling a State to progress and develop higher levels of well-being and, in turn, to promote economic growth. From that point of view, our report must place clear emphasis on stability.
With regard to the European Union’s presence, we must not forget the problems we are currently facing within the European Union in terms of coordination and, therefore, although in the medium and long term we must move towards a single voice in the Monetary Fund and in other multilateral bodies regulating the world economy, we must be prudent and modest, as Mr Purvis pointed out, bearing in mind that, at the moment, we proceed on the basis of our various countries being represented in different categories.
Furthermore, it is important, as in the case of Spain, that we stand shoulder to shoulder with much of Central America and Latin America, so that we also take more account of the economic development of a region as essential as Latin America in order to ensure balance in world development and to ensure development and equal opportunities for Latin American countries.
This report therefore offers an opportunity for this Parliament to express its opinion and, in this regard, I hope that we are also working to achieve the greatest possible consensus and that this report will make a positive contribution to defining the role that needs to be played by multilateral bodies in modern economies."@en1
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