Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-329"
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"en.20091215.18.2-329"2
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"During the past year, the battle against the crisis was waged primarily at Member State level, using Member State instruments. The EU’s Member States considered taking action mainly at national rather than EU level when it came to economic recovery, providing assistance to companies and preserving jobs. In some cases, even the minimum expected level of coordination, agreement and cooperation was lacking. The old Member States, with their stronger economies and more room for manoeuvre in budgetary terms, put together packages which primarily focused on their domestic markets and, in many instances, protectionist instruments that distort competition were used. One glaring example of this was the support offered by France’s President Nicolas Sarkozy to the Peugeot company, stipulating as a condition the retention of jobs in France, while redundancies had to be made at the company’s more efficient plant in Slovenia.
Similar discrimination can be encountered in connection with the financial sector in Central Europe and the Baltic region, as Western parent companies continue to this day to divert profits generated at their subsidiaries operating in the region. The credit crunch is having a particularly tough impact on the small and medium-sized enterprise sector, which provides the majority of jobs and is sacking employees in huge numbers as a result of the contraction of export markets and reduction in development opportunities. This means that the economic crisis is inevitably turning into an employment and social crisis. For this reason, I am asking the EU15 governments once again to do their utmost to block protectionist measures and take a stance against the behaviour of the domestic banks, which is infringing internal market principles."@en1
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