Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-09-15-Speech-3-121"
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"en.20040915.6.3-121"2
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"Mr President, ladies and gentlemen, despite the fact that a number of Member States are now openly violating the criteria of the Stability Pact, thereby serving the short-term economic interests of the monopolies, the European Union insists that it be maintained, even underlining the need for it to be applied more rigorously in order to step up pressure for new anti-grass roots measures to be taken.
The proposed amendments, in conjunction with the 3% deficit and 60% public borrowing criteria, make the Stability Pact even more reactionary, the aim being to implement the Lisbon anti-grass roots strategy more quickly, with a coordinated increase in taxation on the workers being promoted in order to generate financial surpluses. They put national budgets under greater control, in order to strengthen the competitiveness of the European monopolies by reducing taxation and granting new privileges to big business. They place particular emphasis on public borrowing, in order to persuade the pension systems to make immediate changes, they further commercialise care, they reduce social spending and they promote quicker capitalist restructurings, in order to reduce the cost of labour and increase the profits of big business.
The proposed revision confirms that the only way to combat the Stability Pact and the anti-grass roots policy of the European Union in general is insubordination and disobedience on the part of the workers and by stepping up the working-class struggle."@en1
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