Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-24-Speech-5-242"
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"en.20090424.38.5-242"2
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"The G20 Summit and the awareness of the need for a coordinated and cooperative response to the current world economic situation are an expression of the positive side to globalisation. No longer are there solitary powers, independent economies or dispensable globalised countries. On the contrary, those countries experiencing much worse conditions than these ‘victims’ of the crisis, but which have not been involved in globalisation, as is the case with most of the African countries, still have their problems and remain outside the solution. That is the problem to which no solution is being given.
The other lesson of these times is that the only alternative to the market economy is a market economy that functions better. That is the road to be taken.
Finally, I must underline that the capacity to respond to the crisis very much depends on whether or not there is the capacity to reform national economies and create conditions of flexibility. At the same time as responding to the financial crisis, we need to respond to the paradigm shift in the world economy. Otherwise, we will experience a deep but cyclical crisis, without solving the structural problems in our economies."@en1
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