Friday, November 21, 2008

Cavaco Silva defends coordination between EU states

The President supports the regulation and coordination between Member States of the European Union to combat the crisis. A message was left this Friday morning at the third Council for Globalization held in Sintra.

Cavaco Silva believes that the response to the crisis lies in the coordination between Member States of Europe and emerging countries. Cavaco Silva wants more transparency and stresses that one can not ignore the fight against climate change to escape the crisis.

"Firstly, we need coordination between Member States to achieve some success cope with this situation. This coordination can not be confined to developed countries, but must include emerging countries, particularly China, India and Brazil ", stressed the President.

Already Barroso says the EU is preparing a package to stimulate the European economy.

The statements were made in the Council of Globalization which runs from Sintra. The summit brings together several representatives of major Portuguese companies and is marked by informality.

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