Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-03-01-Speech-3-136"

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"en.20000301.8.3-136"2
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"Mr President, the economic situation of the European Union from the viewpoint of the workers is eighteen million unemployed people, it is the generalisation of insecurity, of low wages, of deteriorating working conditions. The Commission has the cynicism to consider wage restraint as a positive factor, whereas in France alone, over three million workers receive a salary that is close to the poverty line and they barely survive any better than the other three million people kept unemployed by an insane economy. But you never speak of restraining the income of shareholders that is infinitely higher from the outset and which increases shockingly every year. What you have as a result are all these major trusts that cut jobs while their profits are high, and which often make staff redundant simply to make their share price rise on the stock market. Eleven thousand job losses at Hoechst and Rhone-Poulenc, twenty two thousand at Unilever, ten thousand at ABB/Alsthom Power, not to mention all the others. The economic growth on which you pride yourself only benefits a fortunate minority, the owners and shareholders of the large industrial and banking groups. But beware of the backlash from the workers and the unemployed, who we keep telling that everything is getting better and better while they find that their lives are not improving but, on the contrary, are getting worse."@en1

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