Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-02-28-Speech-4-084"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2002-02-28"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"pt"^^xsd:language2
lpv:document identification number	"en.20020228.4.4-084"2
lpv:hasSubsequent	lp_eu:2002-02-28-Speech-4-0852
lpv:speaker	lp:Ilda Figueiredo2
lpv:spokenAs	unknown; Partido Comunista Português (1999-07-20--2004-07-19)3 member; EMPL (2002-01-17--2004-07-19)3 substitute; AGRI (2002-01-17--2004-07-19)3 substitute; Committee on Women's Rights and Equal Opportunities (2002-01-17--2004-07-19)3 member; Delegation for relations with the Mashreq countries and the Gulf (2002-02-07--2004-07-19)3 member; EUL/NGL (1999-07-20--2002-03-05)3 substitute; PECH (2002-01-17--2004-07-19)3
lpv:translated text	"The recession in the 2001 economic cycle was not only made worse by the fall in world demand and by the consequences for every sector of the attacks on the USA, but also by a policy of applying the Stability Pact strictly and the obsession with nominal convergence. In practice, we have ignored the issues that affect European citizens’ living standards and quality of life, such as investment in production, particularly public investment, the maintenance of wage increases that are in line with and boost productivity, the profound inequalities in income distribution, high unemployment and poverty. These objectives have suffered as a result of the inflexibility of the monetary policy underpinning the euro and which will, in the long term, lead to greater difficulties or an unwanted increase in flexibility in other areas, specifically in employment contracts and labour in general. It should therefore come as no surprise that a report which is supposed to address the ways in which we can support the sectors directly affected by the attacks of 11 September ultimately turns out to be a reaffirmation of the prevailing dogma. It states that, in Barcelona, we need to step up the liberalisations and reforms of the labour market and blindly comply with the objectives outlined in the Stability Pact without taking account of the problems of the stage in the cycle that we have now reached. The report does, however, raise two positive issues: it states that companies must not use 11 September as an excuse to make employees redundant and insists that the European Central Bank should reduce its key interest rate. Nevertheless, in view of its initial ideas, we can only vote against this report."@en1

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