The Committee on Economic Affairs and Development congratulates
the rapporteur, Mr Zingeris, and the Political Affairs Committee
on this important report which it fully endorses. The committee
believes that the scale and political consequences of the economic
crisis demand swift and sound economic responses which preserve
citizens’ economic and social rights in the face of all the challenges
facing the Council of Europe’s 47 member states. The responses to
the crisis cannot be national or even European. They must be global.
In this respect the committee calls for a paradigm shift in the
management both of financial flows and of public finances, and stronger
policies for stimulating employment. The Committee on Economic Affairs
and Development welcomes the proposal put forward by the Political
Affairs Committee to organise a joint hearing on the political impact
of the economic crisis on the European society.