Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-05-16-Speech-3-231"
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"en.20010516.9.3-231"2
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"The decisive step for the future of social protection in Europe was taken at the Lisbon Council and enshrined in the Treaty of Nice. The issues put to the recently-established committee are extremely wide-ranging and require practical responses under the terms quite rightly laid down by the Commission and by the particularly excellent report that we are now assessing. I therefore call on the Council to reformulate its mandate for this committee. It is not enough to calculate the financial contribution needed to meet the requirements of the various systems. This should already have been done under the Stability Pact since, like employment, social protection is conditioned by macroeconomic policy decisions and by the increased dependence of the elderly and the unforeseeable increase in changes in the labour market, with periods of training alternating with periods of activity and inactivity.
It is absolutely crucial that we consider the cost to our societies of failing to transfer our citizens’ pension systems, in terms of loss of political confidence in Europe, social upheaval, greater insecurity and poverty, a fall in consumption, economic recession and greater inequalities. This is the key political question to which we must respond and which the Council must soon answer. Capitalisation must have clearly-defined borders and must be part of the solution, not part of the problem. It cannot be an obstacle to mobility, because it does not solve demographic problems and does not involve solidarity. It involves benefits and risks and stimulates the financial markets, factors which must be considered. It is not, however, and cannot be part of the problem, and would contribute to greater risks for social protection."@en1
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