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Thursday, April 23, 2009

Invited to the debate of European Parliamentary Groups' Chairmen organised by the European Policy Centre, the Chairman of the Centre-Right Group (EPP-ED) said he regrets that some political families are using the economic crisis "to build up their electoral strength".

"Yes, capitalism, as it is been working since the 1990s, in particular since the Clinton presidency, this capitalism without any rules, is the cause of the serious dysfunctions that we are suffering today" Joseph Daul said.

"But that very capitalism, that 'Game Boy' capitalism, without any rules or any moral, never was neither Europe's, nor the Centre-Right's capitalism.

The Chairman of the most influential Group in the European Parliament welcomed the impetus that Europe gave, under the French Presidency, to a refoundation of capitalism. He pointed to the protective role of the Euro and defended the social market economy model, which is "Europe's trademark".

Joseph Daul underlined that, when the crisis is behind us, we will count losers and winners. "Losers will be those who will have made populist and short term policies, winners will be those who will not have given in to the first demonstrators. Winners will be those who will have had the courage to reform through solidarity measures which are compatible with a competitive economy."

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