Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-19-Speech-3-048"
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"en.20081119.4.3-048"2
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"Madam President, it is telling that the Commissioner for Enterprise and Industry is here but not the Commissioner for Competition. I have major reservations about helping out the car industry. Whilst the problems are undeniably very serious, why support the car industry and not other sectors? The problems have possibly been exacerbated, but certainly not caused, by the credit crunch, and state aid should not be a reward for bad behaviour. Although the EU Treaty allows for rescue aid, we should not use tax money – which, after all, is paid for by the public – to keep ailing industries afloat. Neither should we forget that huge amounts of money have already gone into the rescue of car manufacturers in recent years – not always successfully, I should add.
While we have a short-term responsibility for jobs that are on the line, we also have a long-term responsibility to leave behind a healthy economy, a healthy environment, and also healthy state finances for future generations. I find it a bit unfair that there has been no money for care, education, child care or the environment for years, and that we are now being asked to pump billions into the car industry to save it from disaster. If aid is given, there should be stringent conditions for what the car industry must do in return in the form of restructuring, and this should apply only to future-oriented, environmentally friendly and innovative activities; for, indeed, whilst state aid may be able to rescue companies, it can also ruin other companies as a result of distortions of competition."@en1
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