Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-11-Speech-2-267"

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"en.20030311.10.2-267"2
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"Mr President, it should be noted that, though the institutions of the European Union happily preach to the smaller countries of Europe if they do not meet the convergence criteria, they take a much more moderate tone in addressing two of the European powerhouses, namely France and Germany! Maastricht criteria or not, these two Member States have taken it on themselves to increase their deficits in order to support capitalist ventures in their countries. The attitude of the French Government demonstrates how France and Germany will respond to the injunctions of the European institutions, if they do so at all. They may perhaps reduce their budgetary deficits, but they will not do so by reducing the considerable sums of money they give to employers. In France, this amounts to at least 10% of the budget. There is certainly scope for making good a 3.4% deficit. In order to avoid reducing the money allocated to business, however, the French Government is cutting public spending. In truth, this means taking money away from public services. The requirement to balance the budget will mean less money for hospitals and schools. The population as a whole will suffer so that the wealthy can get away scot-free. Although it is in fact the Member States, rather than the European institutions, who decide on their budget, we shall vote against this report as it serves as a cover and a justification for austerity measures and assaults on public services."@en1

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