Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-290"
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"en.20030923.8.2-290"2
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"Mr President, I and the Confederal Group of the European United Left/Nordic Green Left take the basic view that a pensions system must be based upon solidarity between the generations. I am therefore in favour of a ‘pay as you go’ system, which is much more stable. Savings systems, which are dependent in one way or another upon the capital markets, constitute a much more unstable project.
In my own country of Sweden, which has been singled out as a model in certain quarters, we have moved in the direction of a capitalisation of pensions arrangements and of greater dependency upon the capital markets. With the victory for the ‘no’ side in the Swedish referendum on the euro, we have obtained slightly greater freedom when it comes both to economic and to pensions policy. I believe it was precisely that which the Swedish ‘no’ voters wanted: greater freedom of action, and solidarity as a feature of development in Sweden."@en1
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