Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-22-Speech-3-022"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20090422.4.3-022"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Madam President, the reports by Mr Gauzès on rating agencies, by Mrs Weber on reporting and documentation requirements in the case of merger and divisions, and by Mr Skinner on the taking-up and pursuit of the business of insurance and reinsurance, contain provisions that are undoubtedly useful, but they cannot be described as measures to combat the financial crisis. The crisis that we are experiencing is clearly on an altogether different scale, and it cannot be resolved by these technical and one-off measures alone.
What action is needed to resolve the terrible crisis that we are experiencing? Firstly, there has to be a break with the dogmas on which you have based your work up to now, namely those that believe in the benevolence of the international division of labour, of the free movement of persons, and of goods and capital.
There has to be a break with the free movement of goods, which has pitted European workers against the workers of countries which, like Communist China, are a haven for the most cynical form of capitalism, where workers do not have the right to strike, freedom of association, adequate retirement pensions, or social protection, and where they earn ridiculously low wages. China is not the only state in this situation, however.
There has to be a break with the free movement of persons, which has led us, which has led you, to accept and even to recommend, as the only means of replacing future generations, a mass immigration policy, the disastrous consequences of which we can clearly observe today.
Lastly, there has to be a break with the free movement of capital, which was the trigger factor of the crisis, since it allowed the crisis in the US home mortgage market – which was an entirely circumstantial crisis that should have remained confined to the US market – gradually to contaminate all our economies and to ruin our savers, our workers and our employers.
It follows that small and medium-sized enterprises must be released from the shackles of tax meddling and red tape; simple rules are needed so that monetary values actually correspond to what exists in terms of industrial or service assets; and an investment policy must be launched, but it must be a viable one. Those are just a few essential measures that we would like to see taken by the Member States’ governments ultimately in the context of these national policies that have shown their superior ability to react."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples