Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-207-500"

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"en.20111116.18.3-207-500"2
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"The European Globalisation Adjustment Fund (EGF) was created in order to provide additional assistance to workers suffering from the consequences of major structural changes in world trade patterns. On 22 September 2011 the Commission adopted a new proposal for a decision on the mobilisation of the EGF in favour of Greece in order to support the reintegration into the labour market of workers made redundant due to the global financial and economic crisis. I welcomed this document because in this particular case Greece argues that the economic and financial crisis has had devastating consequences for the Greek economy. There has also been a decrease in average income in the private sector. An immediate effect of reduced income was a decrease in consumption. In 2009 the private final consumption expenditure figures for Greece followed the same negative trend as the average of the 27 EU Member States. In 2010, there was a recovery in private consumption at EU27 level while the drop in private consumption in Greece was even bigger than that in the previous year. The decrease in private consumption has severely affected the retail sector and in particular supermarkets. The Commission therefore proposes to mobilise an amount of EUR 2 918 500."@en1

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