Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-13-Speech-1-099"

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". Mr President, the Committee on Regional Development supported this report with a large majority. The rapporteur had to harmonise completely opposing opinions, and deserves our thanks. The Group of the European People’s Party (Christian Democrats) and European Democrats has never supported the restrictions on freedoms, such as, in our case, the free movement of capital. Our compromise was based on this principle, and in the future, too, we must continue to refuse to expect solutions to local problems on the restrictions on freedoms. Unfortunately, we have already seen an alarming example of this, not too long ago, in relation with the Services Directive. Protectionism induced by selfishness and fear will always have undesirable consequences. There has been a growth in production in countries where the labour market was opened to workers from new Member States, and unemployment levels have actually dropped. In other areas, some companies relocated to regions with cheaper wages. Company relocations raise many concerns. If company owners are only concerned with the profit, they may succeed in increasing their profit levels, but they would cause damage to others. Increasing shareholder revenues are no consolation to employees who lose their jobs because their company relocated to the developing world, or even just to a different region of the European Union. Therefore we must identify the appropriate methods to enforce the common good, but I am afraid that no law can ever replace the feeling of mutual responsibility between owners and employees, for the welfare of the other. The owner-employee relationship will only have a ‘human face’ if it is based not only on economic, but also on ethical considerations. Therefore, I am certain that while we are searching for new routes and new solutions, we will have to return to the issue of company relocations."@en1

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