Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-10-27-Speech-3-156"

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"Mr President, we are all aware that redundancies involve human tragedies, and it is perhaps a good thing that the European governments, which draw their inspiration from the European social model, are taking greater responsibility for these. However, today’s debate has become absurd, given that we are talking about restructuring firms and what should be acceptable profits and what should not, in the great liberal Europe. I think that, if many of the opinions we have heard today were to prevail, we would be building a Europe of poverty and unemployment and not a Europe of employment and wealth. What is the point in saying that Michelin’s profits have increased by 17%, without saying whether that is more or less than the profits of Bridgestone, Goodyear or other competitors, and without saying that Michelin is a company with a turnover of 106 dollars per employee, as compared to Goodyear’s 141 dollars per employee. Then there is Renault, in which if I am not mistaken, the French Government is a major shareholder, that went to Japan, bought a company there – Nissan – but to keep it open found itself forced to make 21,000 workers redundant, but as they are Japanese, do we really care? I think that, instead, we should bring into question the European social model which is the social model of the Europe of unemployment and taxes, the Europe where trade unions have enormous power, stifle economic growth and prevent millions of unemployed Italians, French and Germans and millions of immigrants finding work, in order to protect situations which are often nothing more than situations of privilege. Yesterday, Parliament asked President Duisenberg to subordinate monetary policy to the need for growth in a Europe which does not know how to reform itself, how to reform its economies or to liberalise the markets, especially the job market. If this is the Europe we are building, we are hypocrites because we are building a Europe where unemployment will reign and companies will close. But when there are no more firms, maybe there will not even be any tears left to shed."@en1

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