Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-18-Speech-2-316"

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"en.20081118.29.2-316"2
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"Madam President, prime ministers in the midst of a crisis should be jointly planning their social, not just their economic interventions. Obviously the banks had to be saved, but Europe should already be focusing on directly rescuing people on low and average incomes and stimulating employment and social cohesion. The social state and social cohesion cannot be at the tail end of open and uncontrolled markets or of the economic policy of Europe, a survival bait that we throw to all those who are foundering in times of crisis. On the contrary, they are the core of European economic growth and that is how they should be treated. Secondly, in order to achieve this, we need to urgently adjust the terms of the Stability Pact; we need a new social Maastricht, a sustainable pact for growth, employment and social protection based on strict rules and preconditions. Thirdly, Europe should be at the global vanguard of innovation and new technologies by investing capital in education and research into green development; this is, of course, something which will mean a huge increase in the European budget. We need at long last to move forward. Sun, wind and water will be the oil of the future. Whoever makes early use of them will create millions of jobs for their citizens and a prosperous society. If Europe gets left behind, as some people are saying now, the America of Barack Obama, whose election we are all hailing, will take the lead and we shall lose out. Fourthly, we need new market transparency, control and supervision rules. The current system which caused the crisis, in which profits are reaped by a few private individuals and society as a whole bears the losses, will result in new crises."@en1
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