Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-07-06-Speech-4-130"
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"en.20060706.26.4-130"2
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".
The spirit of entrepreneurship and the role of business is vital to economic growth and development, and the substantial economic changes that we have seen mean that many companies need to restructure. Yet it is also true that there are two highly pertinent points in this proposal that should not be overlooked. The first of these is the social responsibility of businesses and the duty to honour agreements and contracts, not least when they have received grants and subsidies in respect of a particular activity. The considerations, concerns and proposals contained in this resolution are worthy of my support.
I feel, however, that the proposal to set up a European Globalisation Adjustment Fund is a timely reminder of the scale of the problem, to which we must find far-reaching solutions. The ongoing process of restructuring Europe’s business fabric, not least manufacturing, will hopefully have positive consequences, but will also have a negative social impact, especially in the initial stages. Europe, individual governments and Community institutions have a duty to prepare now for the very near future. In addition to this fund, we need to discuss other solutions and invest in other mechanisms."@en1
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