Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-02-27-Speech-3-091"

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"en.20020227.6.3-091"2
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"Mr President, Mr President-in-Office of the Council, and Mr President of the Commission, I wish to limit myself to speaking about Mr Karas' report. Firstly, it is to be welcomed that a distinction is drawn between actual economic consequences of 11 September and political and economic deficiencies that preceded them by some considerable time. It goes without saying that the European Union must allow Member States to support enterprises with serious problems that really are attributable to the consequences of the attack, in order to alleviate or prevent adverse effects on their employees, whether these effects are direct and commercial or are associated with these and of a social nature. Secondly, though, it is irresponsible for enterprises to take steps to rationalise – in other words, cut jobs – out of hand, and unjustifiably defend this by reference to the events of 11 September. It would in fact be nonsensical and damaging to use State aid to intervene in such situations. Thirdly, the assertion that the European Central Bank's cutting of interest rates and the introduction of the euro in Europe could nip an international financial crisis in the bud, is one that I consider incapable of being proven. Fourthly, additional adverse consequences for the economic situation, such as the rapporteur fears, might be brought about by increased expenditure on the armed forces and on internal security, can be drastically minimised by a sensible policy of development, which would focus on removing such causes of terrorism as poverty, oppression, exploitation and cultural intolerance."@en1

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