Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-029"
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"en.20090311.3.3-029"2
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"Mr President, this is the worst crisis since 1929 and it is getting worse: unemployment is in free fall now.
What I said to the President of the Commission a couple of months ago was: ‘Please do not oversell what the European Council decided in December 2008. Please do not paint too rosy a picture of Europe.’ However, that is exactly what you are doing. You have not made a financial stimulus of 3.3% in Europe – you have not! When you talk about automatic stabilisers, it is already in the prognosis. According to the Commission in January, the prognosis is -2%; now the European Central Bank tells us it is -3%. When you talk about a financial stimulus of 1.5%, it is not 1.5%, because, according to the Bruegel Institute, it will be 0.9%, which is documented.
Now we have the following situation: we are not taking care of employment, unemployment is in free fall, and your stimulus in Europe is not 3.3% but 0.9%. If you are now telling us to wait for better times and if you agree with Jean-Claude Juncker, who said yesterday that we have done enough, then I say: you have not done enough – people expect more from Europe than you are saying today.
My point is the following: in a few weeks, you will meet Mr Obama, the new President of the United States. He is coming with an investment package of 1.8% to his gross national product. We are coming with less than half. How could you imagine that Europe would put itself in a position where we are the ones who are doing less than our American friends, and where we are the ones who are demanding more of our American friends? How could you imagine respect for the European Union?
What I am saying is that we need to do more and we need to devise a comprehensive plan, which will cover the summit on 19 March – which is nine days from now – the summit in London, on 2 April, the summit on employment in May in Prague and the June summit. I appeal to you, President of the Commission, to make a comprehensive, new recovery effort. If we do not do that, we will lose. It is not about getting better times next year: this is a fundamental world crisis that we need to take seriously.
My final point concerns solidarity. The time has come not to accept new demarcation lines between those who have been members of the European Union for many years and those who came to the European Union with a promise that this would be a better time for ordinary people. Let us now avoid new economic demarcation lines between the new ones and the old ones. Let us show solidarity in real terms. That is why I ask you, President of the Commission, to consider new financial possibilities to help our new friends – Eurobonds is one possibility, the European Investment Bank is another. Please, take it seriously and let us not do too little too late, like they did in Japan, but let us show that Europe is about people, Europe is about showing solidarity with the weakest countries in this Union."@en1
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