Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-15-Speech-4-154"
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"en.20070215.20.4-154"2
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".
The impact of the current increase in oil prices is highly significant for a European economy showing only weak signs of recovery.
Its effect in lowering GDP growth, employment levels and investment, as well as the different energy dependency levels in the EU Member States make our task all the more difficult.
The social consequences are thus easy to predict, given that accommodation and transport are the top two items of expenditure for European families: inequality in purchasing power will inevitably increase. It is clear, therefore, how important it is to complete the internal market in energy, to increase competitiveness and to boost investment in alternative energy sources. It is necessary to guarantee that freedom of movement remains a pillar of European growth, and it is therefore vital to ensure that European mobility is not affected, and that social exclusion and the impoverishment of the most vulnerable members of society do not result.
The European energy supply crisis can only be mitigated effectively by means of a global EU strategy aimed at the gradual reduction in oil dependency, the development and production of alternative fuels, including looking into the nuclear option, and innovative solutions to managing transport systems as a whole."@en1
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