Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-23-Speech-2-199"
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"en.20080923.31.2-199"2
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"−
We voted against this report as, notwithstanding the odd token gesture and criticism in relation to the financial crisis, it does not include any specific measures to effectively combat the increasing financialisation of the economy, unregulated speculation, the proliferation of financial instruments and products to secure ever-greater speculative profits, nor does it decide on an end to tax havens or banking secrecy.
As we stated in the plenary debate, it is always the same people who will suffer the consequences: workers who lose their jobs and the general public who have to pay more interest, including here in the European Union, particularly in countries with weaker economies, as is the case for Portugal, where the debt ratio is around 120% of GDP, while household debt is roughly 130% of disposable income.
We therefore stress the priority of supporting the creation of jobs with rights, production, solving poverty, improving the purchasing power of workers and pensioners, supporting quality public services and increasing low-interest credit facilities to support micro, small and medium-sized entrepreneurs."@en1
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