Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-155-000"
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"en.20120705.19.4-155-000"2
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"This proposal originates from a real need. A number of large-scale infrastructure projects demanding enormous levels of funding are now seriously compromised, in the context of the huge transfers of public resources that have been undertaken to fill the holes in the financial system and an outlook of restrictive financial policy, with limited credit and an increased risk of default, for some years to come. The underlying logic of these large-scale projects is not to benefit the countries and their people, however, which would first require a break with the current policies of pillage and exploitation. This proposal’s sole concern, in truth, is the large-scale projects, those that fundamentally involve the German or French big businesses that dominate the transport, energy and telecommunication sectors. It is significant that investment in smaller-scale infrastructure is purely and simply ignored, although this is extremely important since it allows greater integration of national production and provides incentives to those small and medium-sized enterprises that supply it, thereby creating jobs. In addition, the proposal maintains all of the dogmas associated with current policy: budgetary control, deficit reduction and austerity. These long-term bonds are nothing more than public investment to reduce private risk and, hence, increase private profit."@en1
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