Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-037-000"

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"Madam President, Mr Dominik’s response on behalf of the Council regarding the advantages of the so-called European Semester, which is aimed at the permanent and anti-democratic monitoring of and interference in the drafting of the Member States’ national budgets, clearly demonstrates the central goals of this political process of power centralisation for large companies and financial institutions. What is happening in Portugal is a clear example of this. There has not been such a direct and profound attack on social and labour rights for decades. This draft national budget is designed to lead to major wage reductions, a brutal decline in the people’s purchasing power and the social functions of the state, an increase in the working week of two and a half hours without any compensation for workers, and the general impoverishment of the people, which will also lead to the closure of thousands of small and medium-sized enterprises, and an increase in social inequality, in unemployment and in social exclusion to unbearable and scandalous levels. In the end, that is the intention ..."@en1
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