Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-02-04-Speech-3-262"
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"en.20090204.16.3-262"2
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"Thank you, Mr President. In car manufacturing, just as in the construction sector, resources have been focused on rapid future growth, but development in this area has been in the past and continues to be closely linked to the availability of credit. The financial crisis has therefore hit car manufacturing particularly hard. Stabilisation in the sector will be possible only once bank lending has normalised, and this in turn is linked with surmounting the financial crisis. I have no doubt that the financial crisis will give rise to significant corrections in the future structure of the car market. Our task at the moment is not to preserve existing jobs, but to preserve the future competitiveness of Europe’s automotive sector, and so public support for the automotive sector should be linked to two main goals: reducing dependence on oil and the price fluctuations connected with it, and significantly improving environmental indicators and emissions reductions. These tasks overlap with one another. They are also, on principle, important for the European economy as a whole, in order to reduce the risk that an increase in oil prices once the crisis has been surmounted, partly as a result of renewed car buying, might stand in the way of a joint economic recovery process. Thank you."@en1
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