Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-04-Speech-1-097"

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"en.20050704.17.1-097"2
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"Mr President, the European Central Bank, which is a staunch advocate of the anti-grass roots policy of the European Union, the Maastricht Treaty and the Lisbon Strategy, has – in all the years it has been operating – been characterised as a grim executor of the interests of big business, to the detriment of payrolls, social achievements and the workers' standard of living. The incentive behind this policy is to strengthen the competitiveness of the monopolies of big business by reducing the cost of the workforce. The European Central Bank is the institution of the European Union which has full and exclusive responsibility for monetary policy and zealously defends its social indifference, maintaining that its sole objective is price stability. The price stability and low inflation in the eurozone cited by the rapporteur have done nothing to protect the workers, for whom they do not even apply, from high prices and poverty, which are increasing still further following the leap in the price of oil and the fall in wages. In the name of competitiveness and in order to respond to the demands of big business, a new anti-grass roots assault is under way in the Member States. A new package of anti-grass roots measures is being promoted. In addition, paragraph 11 of the report welcoming the commitment by the European Central Bank to the ratification of the so-called European Constitution is an insult, given that it was recently voted down by the peoples of France and the Netherlands. This sort of thing shows disdain at the very least for the peoples of Europe. The workers have run out of patience. Regrouping and stepping up their fight is the only way out if the contemporary needs of the working and grass-roots classes are to be satisfied."@en1

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