Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-043"

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"Mr President, ladies and gentlemen, the crisis has had a very great impact on society in all European countries. If we look at the consequences from a social viewpoint, we swiftly reach the conclusion – one that is driving much of the Commission’s work – that the worst is yet to come. Unemployment is set to increase and the weak signs of recovery noted in some countries are not enough to guarantee the creation of new jobs. We must therefore accept that it will be essential to face up to the most acute social aspect of this crisis, which was born out of the financial system but which has rapidly spread into economic and social realms. For this reason, we must arm ourselves with other instruments to defend the people who are hardest hit. We are about to discuss a proposal for a framework directive on a minimum guaranteed income in all European countries, which I consider very important for combating poverty, on the one hand, and for helping those who will be struck by the sting in the tail of this crisis in the coming weeks and months, on the other. The best way to combat a crisis, however, is through policies of growth. Growth needs resources, targeted investments and a clear agenda of priorities towards which a significant proportion of the available resources should be directed. The Union budget is not enough. For this reason, the Commission clearly stated a need for additional resources to be spent on infrastructural investments and investments earmarked for competition quality and employment. This path leads to the creation of Eurobonds and a tax on financial transactions. There is no alternative. This is why the solutions we have indicated – and I hope that Parliament will approve their formulation – are important as well as innovative."@en1
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