Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-19-Speech-2-126"
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"en.20101019.6.2-126"2
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"Madam President, I find this debate rather risible, almost laughable. I have heard several speeches now and we have been talking about eradicating poverty without once mentioning how we create more wealth. You cannot eradicate poverty without creating wealth, otherwise what you are doing is just distributing from one to another, not creating new wealth.
In the international domain, EUR 880 billion come out of the developing countries through all sorts of corruption and other activities which are not recorded or taxable or deposited in proper banks. This is a scandal of the financial community in international development. Those EUR 880 billion should be creating wealth in the developing countries.
In Europe, poverty is on the increase because we are over-regulating ourselves against creating wealth when challenges are now coming from India and China. We need to revisit this."@en1
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