Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-19-Speech-1-205-000"
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"en.20121119.25.1-205-000"2
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"Mr President, ladies and gentlemen, this presentation proposes objectives that we all support, such as combating unemployment, reintegrating the unemployed, relaunching small and medium-sized enterprises, guaranteeing the security of pension schemes – but it does not propose any measures for meeting these challenges. For example, it does not go into any depth in considering which resources the Member States should use to deal with the crisis, nor does it criticise the scandalous choice made by the European Commission in financing the banks without using the funds awarded to bring about economic upturn, thus allowing the credit institutions not to help businesses and families but to acquire government securities, ensuring a guaranteed profit for themselves at almost no risk.
Accordingly, the decision was taken, in a period of crisis like this, to finance the banks rather than to encourage an improvement in the economic structure. It would have been an excellent proposal to call on the Commission to propose removing the prohibition on direct aid to the States by the European Central Bank. I shall abstain, since the report amounts to a simple declaration of intent, on points that we all support, but which is devoid of content or concrete proposals."@en1
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