Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-995"
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"en.20081021.7.2-995"2
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"The single European currency has formed a barrier which has protected the European Union from worse problems during this crisis. In this context, the euro has indisputably been a European success.
Faced with deregulation and crisis in the markets, a whole series of mutually contradictory national actions has been unleashed. An agreement has been rushed through which we ultimately welcome, but we cannot forget the Commission’s excessive passivity when a modicum of prudent and forward-looking vision was needed.
In recent years – not months – this Parliament has debated and adopted well-grounded proposals for reform, particularly in the area of market regulation and supervision. It is based on this credibility that we demand that the Council Presidency and the Commission actively involve this House in the reform solutions, which must meet three objectives.
Firstly, in an integrated Europe, systemic risks cannot continue to be regulated at national level. Structural action must be taken with clear and stable rules guaranteeing that the system will be robust.
Secondly, in a globalised world, Europe must be an active partner in the creation of a new international framework involving the main partners.
Thirdly, at a time when economic recession is already a certainty, we must, in a coordinated manner, implement an economic recovery package which guarantees growth and employment and allows families and businesses to recover their confidence."@en1
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