Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-24-Speech-2-427"

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"Mr President, British Prime Minister Gordon Brown captured it perfectly this morning when he said that we must not bumble around, now is the time for action. It is indeed time for sustainable and robust action. We, Europe, must now take control of and lead the switchover to a sustainable automotive sector, something that is only possible if we guide the sector through this severe and life-threatening recession. Hence this call, Commissioner Verheugen, to you and to the Commission. We really want Europe, all of us together, to do much more for the future of our car companies. We, as the European Union, have a unique opportunity here to show that we are on the side of the workers – of the 200 000 Opel workers in Germany, Poland, Austria, Spain and Belgium, to name just a few. For that reason, quite specifically, the European Investment Bank must release credit and exploit its leverage functions and potential to the maximum extent. Two weeks ago, we had a consultation with the upper echelons of the sector here in Parliament and it became clear that there is one huge problem: the sector is suffering from an acute shortage of capital. That is why cheap loans and state guarantees are absolutely necessary, not only for survival, but above all in order to unflinchingly make the switchover to the car of the future, a car which is to be electric, hybrid and, most importantly, environmentally friendly, and which is ready to go into production. The social partners, and certainly the employees’ representatives, must be closely involved in this European recovery plan, as this issue is also a litmus test for social dialogue at European level. Commissioner Verheugen, it is not too late for action. Please, let us not allow the situation to go to the dogs."@en1
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