Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-03-02-Speech-4-065"

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"en.20000302.4.4-065"2
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"Mr President, I voted for the Katiforis report on the European Union economy in 1999 to toe the group line, and also because it reveals an extremely serious deficiency which I hope it will contribute to eliminating during the next few years. However, the report does not fully explain, or rather it does not explain at all, that the economies of the States of the Union also and, above all, depend on the way in which pension contributions paid by workers are used. The report does not mention the fact although this will have to be specified in the future that over the last forty years, the governments of all the Member States have squandered and dissipated the capital entrusted to them by workers for their pensions. And so we now have no resources left to pay pensions. We need a completely different system. These leaders must resign. They do not deserve the loyalty of the elderly of today, nor the young people of today, nor the elderly of 2100, 2200 and so forth."@en1

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