Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-906"
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"en.20100616.24.3-906"2
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"I support this resolution which highlights the need for strong economic governance in the face of the financial and economic crisis. The current crisis has made it clear that we need a common social and economic strategy and the means to tackle the macro-economic imbalances which have exacerbated our problems, but the EU’s conservative governments remain fixated on choking growth, slashing and privatising public services and cutting welfare, while jealously guarding national economic governance prerogatives that need to be pooled to survive the crisis. We need to deal with the deficits, but we will fail to weather this crisis if every country slashes public spending and forces the citizens to bear the unsustainable burden of saving a financial sector that brought our economies to the brink of disaster and is now gambling against their survival. The EU governments must push for a global financial transaction tax at the G20 summit in Toronto, and set the example by implementing it at EU level. The same goes for strict regulation of hedge funds and private equity. We must set up a European Monetary Fund that enables EU governments to raise funds to restructure their economies without harmful conditions."@en1
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