Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-176-000"

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"Madam President, after all the sound bites during the European Year for Combating Poverty and Social Exclusion, the European Commission continues to demonstrate complete indifference when faced with worsening poverty, particularly child poverty, unemployment and massive increases in the numbers of poor workers due to precarious and poorly paid work. However, this is now not only limited to neoliberal tendencies, but has dire consequences for countries with weak economies, where it is imperative to strengthen public policies to support public services, create employment with rights, and eradicate poverty. Memoranda like the one the troika of the International Monetary Fund (IMF), the European Central Bank (ECB) and the Commission drew up with Portuguese officials demanded anti-social policies, including amendments to redundancy and privatisation laws, and attacks on public and universal social security which can only lead to social regression, condemning workers and the public to unemployment, poverty, underdevelopment and extreme dependency. It will transform Portugal into a mere protectorate of the great powers of the EU. All of this in exchange for a loan that the Portuguese have to repay, at high interest rates, to increase the profits of international financial capitalism, even though we know full well that such measures resolve nothing, as the case of Greece clearly demonstrates. That is why I am protesting against such measures here, and this protest will continue both in Portugal and in the EU."@en1
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