Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-04-03-Speech-1-107"

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"Mr President, that did not happen in Europe, but it could have done. Not only have we failed to learn any lessons from the power cuts in California in 2000, but you are creating conditions that will result in Europe also experiencing a large-scale energy disaster. Your proposals will result in a more expensive and less reliable energy supply. Separating the transport network from electrical energy production units is an economic, ecological and industrial aberration. Once again, the European institutions are taking the side of financial interests to the detriment of the general interest. The capitalist market is incapable of making long-term investments in the energy sector. Satisfying shareholders’ interests means sacrificing research, sustainable development and security. The decision to artificially create a large internal energy market will also lead to a large number of jobs being axed and many others being put in jeopardy. Our Union needs a strong European public arm, funded by the public in order to fulfil the needs of Europeans."@en1

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