Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-419-750"

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"en.20110623.37.4-419-750"2
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"I will vote in favour of the Ferreira report, as it is the only one that emphatically highlights the crucial importance of retaining a broad macroeconomic perspective which takes into account varying levels of productivity in Member States whilst simultaneously safeguarding fundamental and social rights through the ‘Monti clause’. On the other hand, the economic package proposed by all the other reports only maintains further implementation of widespread austerity measures, which have had, and might well continue to have, damaging effects on economic growth. Policies which are solely focused on austerity measures and exclusively encourage further cuts without any investment plans hinder job creation. This is why I will vote against all the other reports and abstain on the Haglund report. We need to find an alternative way of dealing with the current crisis which involves implementation of responsible austerity measures coupled with a strong investment plan to ensure that those who are most vulnerable in this crisis are supported. Indeed, changes such as extensive structural and regulatory reform of the financial sector must take place, but any improvement of the current situation can only occur through the creation of incentives as well as radical and comprehensive modernisation policies and targeted investment."@en1
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