Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-03-15-Speech-4-091"

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"en.20010315.5.4-091"2
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". This sort of report necessarily refers to ‘averages’, rounds figures up and down and hence conceals economic divergences in certain economies. While, for example, the report considers that there are high employment rates and that unemployment has fallen at European Union level, the Commission itself highlighted the increase in unemployment, the high rate of structural and long-term unemployment, the low productivity of labour, the high level of taxation on low incomes etc. in Greece at the beginning of March. Today the governor of the Bank of Greece presents his report to parliament, in which he highlights the huge increase in Greece’s balance of trade deficit, which almost doubled in 2000 and now exceeds EUR 8 billion, compared with about EUR 4.5 billion in 1999. This huge increase in our balance of trade deficit has little to do with the increase in oil prices. The statistics show a significant increase in the number of imports penetrating traditional manufacturing sectors of the Greek economy with all that this implies for production, inflation, employment and incomes. I would have expected this report to take a stand on the Ecofin ‘recommendations’ against Ireland. Would there have been ‘recommendations’ if it were France or Germany in Ireland’s place or would we be talking about a ‘steam engine’ of Europe? This sort of report cannot, I think, hide the fact that there are economies in the EU which are still a long way from ‘real’ convergence."@en1

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