Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-23-Speech-2-153"
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"en.20071023.20.2-153"2
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"The European Globalisation Adjustment Fund came into being in 2006 under the considerable influence of the defeat of the constitutional referendum in France. Right from the start the impression was created that this was a compensation formula, linked more to the exaggerated problem of the ‘delocalisation’ of jobs to new Member States than to the problem of globalisation. As such, the Fund is a response to the fears associated with the enlargement of the European Union, essentially reinforcing them and blocking the benefits arising from the uniting of Europe in 2004 for new and old Member States.
It is no surprise that we are starting with an application from France, linked to the difficulties experienced by Peugeot and Renault suppliers, for a sum of EUR 3.8 million. The application is properly grounded and has received full support from the European Parliament’s Committee on Budgets.
I hope that the European Globalisation Adjustment Fund will not become a method of typical rent-seeking, in other words an easy method of obtaining EU subsidies for businesses that are experiencing difficulties, allocated on the basis of criteria that are not very precise. Too many European companies are facing the problem of restructuring, in the name of competitiveness in the global economy, for a Fund with an annual ceiling of EUR 500 million to be able to meet all needs."@en1
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