Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-05-15-Speech-4-016"

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"Mr President, in presenting Parliament with the broad economic policy guidelines, Commissioner Solbes has observed that Europe is apparently lagging behind the United States inasmuch as the Americans seemingly have a more flexible labour market and greater productivity. The observation seems so obvious that no one any longer takes the trouble to check the facts. The fact is that actual economic conditions in the United States bear less and less relation to the dominant political discourse in Europe. According to Professor James Galbraith of the University of Texas in Austin, the high level of unemployment in the United States is not a result of the flexibility symbolised by ‘hire and fire’. I quote in English:"@en1

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