Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-12-10-Speech-2-905-000"
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"en.20131210.82.2-905-000"2
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"Madam President, 9 000 people in Ireland – at Dell, Waterford Crystal and elsewhere – will be grateful for the Globalisation Adjustment Fund, helping with guidance, training and education, when their firms close. Some blame cheap Chinese goods, produced through low wages, but two years ago in this House a Commission statement denied that this was true. The Commissioner said that it was China having its own central bank, setting its own interest rates and relating to world conditions so that exchange rates are helpful, resulting in goods at prices other people can afford.
Instead, we have draconian measures in place to prevent individual companies establishing their own exchange rates and competing globally, promoting prosperity. At the same time, report after report comes out of this House, all imposing more regulation. The result? Higher costs, reduced sales, firms closing and moving abroad, leading to rising unemployment. And all you do is wheel out the Globalisation Adjustment Fund, trying to conceal the fact that company after company is closing under the weight of EU inflicted regulation, when you cannot even keep well-established companies going. And you call that world leadership?"@en1
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