Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-04-Speech-3-982"
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"en.20090204.16.3-982"2
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"The financial crisis has paralysed credit; it has affected businesses and families; and demand has plummeted, with disastrous consequences for economic growth and employment.
Such a situation justifies exceptional measures, particularly in the case of strategic sectors such as car manufacturing, which represents 6% of jobs.
Even so, almost all the European Economic Recovery Plan, for which I have the honour of being this Parliament’s rapporteur, is based entirely on national initiatives.
In reality, how can the Commission guarantee that it is out there checking coordination and that countries are not embarking on a war of support measures?
What mechanisms are out there to safeguard jobs in countries that do not have the financial structure to guarantee the jobs that are vital to them?
For some countries, textiles or electronics may be just as important as car making. What action can be expected?
Will the Commission be more alert to the role of European industry in Europe’s survival?
There are limits to what can be expected from the European Investment Bank. Will we have a budget equal to the challenges facing Europe?"@en1
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