Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-426-625"
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"en.20121120.28.2-426-625"2
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".
In addition to the supervision of the banking sector, the need for a genuine European budget based on own resources and stepping up the fight against tax evasion, there has to be greater democratic legitimacy. As you know, the EU has been going through a profound economic, social, societal and institutional crisis for some years now, but it has also been a crisis of direction. That is why I believe a social pact is fundamental. The idea is that the EU should be founded on a fifth pillar in addition to the four highlighted by the report of the Presidents. During this crisis, the EU has neglected action on social issues. Binding regulations on budgetary discipline and surveillance of economic and budgetary policies must be accompanied by regulations governing labour and social issues. That is why we are calling for a European social pact, to promote decent living wages in particular, and for the implementation of a social protocol to protect fundamental social and labour rights. People who have been hit hard by the crisis and its social impact need something more than austerity budgets and hardship. The EU has to prove where its added value lies and find its way again."@en1
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