Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-13-Speech-4-080-000"
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"en.20111013.4.4-080-000"2
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"Madam President, President Obama’s proposal for an American Jobs Act contains many elements and policy initiatives which sorely lack a European equivalent. However, conservative forces in the US Senate blocked their approval for two days in a stance paralleled in Europe by the austerity six-pack; our only approach to the severe economic crisis we find ourselves in. The ‘Buy American’ provisions enshrined in the American Jobs Act which emulates Obama’s approach in the 2009 American Recovery and Reinvestment Act is understandable in the face of US unemployment figures, but protectionism is not the way out of the economic woes afflicting both sides of the Atlantic.
Through work in the Committee on the Internal Market and the EP Delegation to the US, I have emphasised the untapped benefits of further transatlantic market integration. There is much work to be done to improve network interoperability and to facilitate SMEs’ access to the transatlantic markets.
Upstream regulatory support and cooperation between the US and the EU is still insipid and could prevent unintended trade barriers. We are far more likely to spur growth and job creation if we work together rather than retrenching a sad repetition of post-Great Depression protectionism."@en1
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