Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-14-Speech-2-189"
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"en.20060314.24.2-189"2
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"Mr President, in the town of Romans, in the department of Drôme, the unemployment rate stands at 18% – twice the French average – because the footwear sector there is devastated and traditional skills disappearing. This collapse is due to the anachronistic application of the Ricardian model underpinning your policy. The new international division of labour has encouraged low-wage countries to specialise in labour-intensive industries, while high-saving countries concentrate on very capital-intensive industries.
Today, growth-starved capital is also leaving those countries. Thus, the countries of the European Union, which used to have a high level of productivity and high wages, are being surpassed by countries that are just as productive but that pay low wages.
In order to prevent a fatal outcome, we must re-read the work of the liberal Maurice Allais, we must rediscover the virtues of the common external tariff of blessed memory and we must protect ourselves outside the Union in order to be free inside it. If we do not do so, then all of our labour-intensive industries will follow in the footsteps of the footwear industry."@en1
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