Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-04-12-Speech-3-280"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-04-12"^^xsd:date2
dcterms:Is Part Of	lp_eu:Financial services and complementary pensions2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20000412.10.3-280"2
lpv:hasSubsequent	lp_eu:2000-04-12-Speech-3-2812
lpv:speaker	lp:Roseline Vachetta2
lpv:spokenAs	member; EUL/NGL (1999-07-20--2004-07-19)3 substitute; Committee on Regional Policy, Transport and Tourism (1999-07-21--2002-01-14)3 substitute; Committee on Women's Rights and Equal Opportunities (1999-07-21--2002-01-14)3 member; Committee on the Environment, Public Health and Consumer Policy (1999-07-21--2002-01-14)3 member; Delegation to the European Economic Area Joint Parliamentary Committee (EEA) (1999-09-29--2002-01-14)3 unknown; Ligue Communiste Révolutionnaire (1999-07-20--2004-07-19)3
lpv:translated text	"Mr President, this report seeks to harmonise supplementary pensions in Europe. In fact, it seeks nothing less than to open up all European pension schemes to the financial markets. Indeed, it recommends the development of a truly single pension fund market by referring to the inevitability of resorting to capitalisation. It should be noted, by the way, that when the financial interests of the most powerful are involved, they are not slow to forget the principle of solidarity and to propose a single model. This report puts forward cynical arguments and seeks to give credence to the idea that only capitalisation would ensure better protection of low incomes. The truth is that it is not an attempt to supplement state pension schemes, but rather to gradually empty them of all substance. Those who are employed know full well, however, that a pension is theirs by right. They fought for this right, which is based on intergenerational solidarity. That is why they do not, under any circumstances, want to see their pensions gambled on the stock exchange. In several countries, powerful social movements have already opposed similar attempts. Their threats have to this day prevented the French government, for example, from introducing pension funds. This is in perfect harmony with past, present and future struggles, and it is in support of them that we shall be voting against a report that reduces this Parliament to the level of a lobby for high finance. Retired people need an adequate, stable and safe pension. Pension funds and the stock exchange will never be able to guarantee that. On this issue, as on many others, a choice must be made between increasing the profits of a few or satisfying the needs of all."@en1

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