Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-02-19-Speech-2-215"

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"en.20080219.30.2-215"2
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"Madam President, over the last few months the credit crisis in the USA has shown that a purely capitalist system is unsustainable. For rather longer than that we have known that a communist or, if you will, socialist system does not work. That became very clear in 1989. But now that capitalism clearly is not working either, it is high time to act on that realisation. Through the Lisbon Strategy we are seeking to ensure that Europe remains economically competitive with the rest of the world. That will only be possible if everyone who can play a part actually does so and if we work to guarantee a good living environment. So the promotion of employment and sustainable development are quite rightly principal objectives of the revised Lisbon Strategy. I do not think the solutions recommended by our colleagues in the GUE Group are either sufficiently informed or realistic. If we were to take measures of that kind, inflation would rise and investor confidence in Europe would evaporate. And at the end of the day, inflation is theft. In previous debates on the spring summit I already said that governments in the Member States should take an active role. I say so again today. Member States themselves must initiate reforms and carry them through. And whilst we are not yet at the point of a recession, it is high time we took adequate measures to reform the welfare state. Europe can certainly coordinate here, but it cannot dictate."@en1

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