Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-18-Speech-3-208"
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"en.20090218.22.3-208"2
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"The mounting economic crisis is affecting all countries of the European Union. However, rising unemployment is not a reason for us to start violating the basic principles of the common market. I would like to register a protest here in this house against the statements made by the French President, Nicolas Sarkozy, in which he called for the French brand Peugeot to shift a plant in the Czech town of Kolín back to France. Such statements by politicians who want to protect and constrain firms during times of crisis are completely unjustifiable. Attempts at protectionism and closing a country in on itself are undesirable and undermine the meaning of the European Union.
The president of the Dallas branch of the Federal Reserve Bank, Richard Fisher, has said:
‘Protectionism is like a dose of cocaine for an economy. It can pick you up but it is addictive and leads to economic death.’ Let us bear that in mind, let us resist populist pressures and let us not lose our cool in the face of the crisis. Let us focus on sticking to the priorities of the Czech Presidency and let us promote the idea of an open Europe without barriers."@en1
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