Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-528-000"

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"en.20121023.45.2-528-000"2
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"I voted in favour of the report on the mobilisation of the European Globalisation Adjustment Fund (EGF) in favour of Spain in support of the 878 employees dismissed from 35 companies in the metalworking sector in the Galicia region. The economy of that region has suffered a severe blow, because opening up to the globalised market has adversely affected significant sectors of the economy, including this one. This, in combination with the problems faced by the textile sector in the same region, has made Galicia one of the most economically vulnerable regions in Spain. The negative consequences of globalisation, in conjunction with the continuing economic crisis affecting Spain, further highlights the added value of EGF as an EU policy tool. The targeted financial support which it provides for retraining and reintegration programmes for workers affected by mass dismissals is particularly important. Furthermore, the support which it provides is a practical expression of EU solidarity. The Spanish regions are undergoing a process of rationalisation and drastic cuts. EGF assistance can contribute towards the battle against unemployment without significantly burdening the budgetary consolidation efforts for Spain’s national and regional budgets."@en1

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