Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-10-21-Speech-2-456"

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"en.20081021.43.2-456"2
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"Madam President, I have heard the debates on the Polish shipyards with satisfaction, and believe that the majority of the Polish delegation has proved up to the task and put forward water-tight arguments, whilst at the same time refraining from pinning the blame on anyone. We cannot agree to the liquidation, which ultimately will result in the assets of the shipyards being broken up. You cited the example of the Greek airline, where liquidation allowed it to offload its debts and to continue operating. Unfortunately, under Polish law insolvency does not allow for a company to undergo such therapy and to come out leaner and fitter. The therapy would kill the Polish shipyards. But the burden of debt will never allow the shipyards to operate profitably. In a Polish newspaper interview, you said that rescuing debt-ridden banks is a completely different matter from debt-ridden shipyards. The shipyards may have been poorly managed, and difficult restructuring may have been repeatedly postponed, but one thing is certain, and that is that they did not resort to such downright irresponsible and dubious dealings as the banking sector did. It is the Polish taxpayer who has paid for the mistakes of the Polish shipyards, while we are all paying, and will continue to pay, for the mistakes of Europe’s banks. This debate has shown that there is agreement on reforming the shipyards in a way that gives real hope for them to operate profitably in the future. We are all aware that if the Commission accepts our arguments, and Poland squanders this opportunity, there certainly will not be another."@en1
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