Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-08-Speech-2-058"
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"en.20050308.7.2-058"2
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"Mr President, the social situation is dependent on employment. There is a certain difference in outlook between Mrs Figueiredo's report and the Barroso Commission. The report, if adopted, would lead to further initiatives and pressure to press on with the Lisbon agenda.
The Commission seems to be heading the other way, towards a freer structure. Recently it proposed that 80% of resources be managed in a decentralised way. If competencies were indeed to be restored to the nation state, the UK Independence Party might be persuaded to support the Commission.
This is because the UK was drawn into what was then the EC on the promise that it was not leading to a federal state, but that it was simply about trade. If only that were so. One thing is certain: the UK has half the average unemployment rate of the EU as a whole. Along with Sweden and Denmark we have the lowest levels of unemployment. Governments do not produce that. They simply make the conditions right for employment to flourish.
The single most important factor is the common currency. Sweden, Denmark and the UK have not adopted the single currency, so they are not saddled with a single interest rate. Even in the UK there is a disparity of economies. The Bank of England cannot set an interest rate suitable for the whole country. How then can the European Central Bank set a common interest rate suitable for a Europe with widely varying economies arising from such great geographical diversity and widely differing ways of life?
Along with my colleagues, I shall vote against this report."@en1
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"Clark"1
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