Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-16-Speech-3-112-000"

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"en.20110216.5.3-112-000"2
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". The Europe 2020 Strategy is ambitious, particularly in the field of employment, and the implementation of the Employment Guidelines is a factor in its achievement. Its objectives are fundamental, especially when it comes to enabling us to fund pensions and construct a European social model based on well-being. The elements that could constitute the foundations of this social model have been brought into question by Mrs Merkel and Mr Sarkozy’s proposals. Indeed, the proposals contained in the competitiveness pact include the abolition of the automatic indexing of wages to inflation. The argument is that such a move would increase competitiveness and consequently employment. There is nothing to show that this will automatically be the case. The abolition of automatic indexing could even cause, in certain circumstances, developments which increase inflation, something that nobody wants. There are still many other means by which to strive to create employment, such as strategic investment or training in sectors of the future. The indexing of pay and social benefits is an instrument which some countries have embraced in order to reduce the risk of poverty among workers, which is a growing phenomenon in Europe. This provides an opportunity, therefore, to meet another objective of the Union for 2020: 20 million fewer poor."@en1

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