Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-013-000"
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"en.20110929.3.4-013-000"2
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"Mr President, the European Conservatives and Reformists Group will not support the proposal regarding the European Globalisation Adjustment Fund (EGF). The EGF is a redistribution tool, the essence of which is that we take money from the successful, spend some of it, and allocate the rest to failures, in accordance with our rules. Success and failure are natural in the market and, as politicians, we are understandably tempted to give money to people. However, we often forget that we take this money from others. Therefore, instead of the successful ones developing their businesses, they are handing over some of their money to failures. This is not about solidarity between the strong and the weak or disadvantaged; experience shows that the beneficiaries are mostly very powerful market players. From the very beginning of the fund, there have been doubts as to where these resources are being directed. Instead of globalisation, the fund often addresses transfers between Member States, and supports planned restructuring instead of the consequences of the crisis."@en1
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