Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-05-Speech-2-123"

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"en.20050705.23.2-123"2
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". I am delighted with the rejection of this report, and with our contribution to that rejection. The report turns a blind eye to existing problems in the EU – namely recession, sluggish domestic demand and slow economic growth, accompanied by high levels of unemployment, poverty and income inequalities – which have been exacerbated by the introduction of economic and monetary union and the introduction of the euro. The solution cannot be more of the same acceleration of the so-called structural reforms, namely, making the labour market more flexible, the policy of liberalisations and the privatisation of social security. All of which is done in the name of the holy grail of price stability, or rather, wage moderation. This objective is already a reality, with salaries being reduced in real terms and productivity gains being passed on to employers. We welcome the rejection of the narrow view of the Stability and Growth Pact contained in this report, which ignores the reform of the Pact and thus displays the kind of blinkered attitude that has class stamped all over it. The report also goes as far as to criticise current working time in the EU, comparing it with other regions in the world and making a direct call for it to be increased."@en1

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