Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-05-15-Speech-4-097"
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"en.20030515.3.4-097"2
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".
I voted against the Garcia-Margallo y Marfil report because it is an ultraliberal document which ultimately takes the view that the Broad Economic Policy Guidelines do not come up to expectations. Some of the proposals it contains are, moreover, quite absurd, such as the proposal for a budgetary reserve, which makes absolutely no sense at all considering the rise in government debt. This is the result of low taxation rates for the wealthy, which the report does not, of course, question. Quite the opposite: it stresses the rapporteur’s desire to [further] reduce high effective tax rates, to further cut the tax burden on labour and social contributions. As regards pensioners, the rapporteur wishes to increase the effective retirement age and increase funding – those are exactly the kind of plans against which the French and Austrian workers are protesting in the streets.
The report is full of hypocritical expressions couched in wearisome, waffling language.
For example, it proposes to ensure a coherent policy mix of monetary policy, budgetary policy and wage growth, but in a way that is compatible with price stability. It is blatantly obvious that the intention is to establish a long-term rule of wage austerity which will ensure a high level of financial profits but which is also very likely to ensure a long-term slide into recession and unemployment."@en1
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