Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-14-Speech-1-119"

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"en.20091214.16.1-119"2
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"Mr President, despite the obvious failure of trade liberalisation over the past 30 years, which has led to the wholesale deindustrialisation of developed countries and the impoverishment of underdeveloped countries, despite the financial and banking crisis, and now the Member States’ debt crisis, which all independent economists agree was caused by financial and commercial globalisation, the Director-General of the WTO, Mr Lamy, still wants to speed up the process of full international trade liberalisation. All the statistics available to us show that globalisation has led to mass unemployment and salary cuts, which will end only when European salaries are brought into line with those in China or India. Is this the economic development model that Europe should be proposing to Europeans? There is another model: the legitimate protection of European economies against unfair competition from low-wage countries. This protectionism must go hand in hand with the creation of a new international monetary system that guarantees fair trade. It is unacceptable, because it is illogical, to separate trade negotiations from monetary negotiations. Mr Lamy and all those in favour of uncontrolled free trade are not defending the common good but rather the interests of the financial and commercial institutions that pay them. If the European institutions continue in this direction, the crisis of legitimacy affecting the WTO and the IMF today will inevitably affect them tomorrow. If this is your objective – to destroy European industry and agriculture and to transform our continent into an underdeveloped economic area – then do as Mr Lamy says. If, on the contrary, you want to save Europe, then relocate Mr Lamy, as Maurice Allais, the French Nobel Prize winner for Economics, is insisting. This is the only relocation that Europe could welcome."@en1
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