Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-12-Speech-4-174"
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"en.20070712.23.4-174"2
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".
The report ‘welcomes the favourable economic developments achieved in 2006’ in the euro zone but fails to disguise certain concerns and risks relating to the future development of the euro zone. The truth is that the profits, as a percentage of GDP, are at one of the highest ever levels, whilst salaries continue to slow down and grow below the rate of labour productivity; in other words, the gains in productivity are still going to the employers.
The report ignores social tensions and says little about the increase in inequality and poverty in the EU, about increasingly precarious employment and about high unemployment rates. It is increasingly difficult to justify new salary freezes and ask for further tightening of the belt when the fruits of wealth continue, as ever, to go to the financial and economic groups.
In truth, what they seek to ignore is that the main issue to consolidate this moment in the economic cycle is to make salaries rise and public investment increase in order to stimulate demand. This is precisely what the report fails to do, insisting on the argument of budgetary consolidation and price stability; in other words, less public investment and more salary moderation.
We reject this strategy, which is why we are voting against the report."@en1
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