Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-02-24-Speech-4-109"

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"en.20050224.8.4-109"2
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". When what is really required is a sea change in the orientations and objectives of Community policies, by revoking the Stability and Growth Pact and replacing it with a Growth and Employment Pact, along with root and branch changes to the Lisbon strategy in order to put an end to the liberalisations and privatisations in industries and essential public services and to give absolute priority to the creation of jobs with rights and to the fight against poverty and social exclusion, the Commission continues to follow the path of even greater liberalisation; that is, more of the same. When it is disclosed that the operating profits of the large companies in the EU rose by almost 80% in 2004, and that the percentage of profits as a proportion of GDP in the euro zone is currently approaching its highest level in the past 25 years; while salary levels continue to fall, yet both the trade balance and the balance of payments on current accounts in the euro zone have registered positive results in the past 12 months, we cannot accept the prevailing strategic importance that the Commission attaches to competitiveness and on the structural economic reforms. It is also unacceptable that the new Social Policy Agenda is deprived of both the necessary instruments and adequate financial resources, ..."@en1
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