Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-11-11-Speech-3-262"
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"en.20091111.21.3-262"2
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"Mr President, Commissioner, ladies and gentlemen, most economists now say that the crisis is largely due to the transfer of wealth created by labour into capital, into profits. Moreover, in general, it is also agreed that it is in the countries that have maintained their social welfare systems and their public services that the populations have suffered relatively less as a result of the crisis.
However, the problem facing us this evening is indeed the nature of the conditions that you attach to the granting of European assistance or International Monetary Fund assistance to the populations. This assistance can no longer be conditional on the application of structural adjustment plans reducing social expenditure, training expenditure, and privatising public sectors, including social services of general interest. It is this that has become ineffective today, and it needs to be recognised. All of this will only make the crisis, unemployment and poverty worse.
This is why, in our view, we have to reverse the criteria of this conditionality and decide that European public funds or IMF funds can be conditioned, can be combined with a new system of appropriations and will be granted in accordance with new criteria aimed at and encouraging a new distribution of wealth so as to increase pay, pensions and minimum social requirements and to maintain a high level of social protection, the guarantee of a job for all. Ultimately, it is social progress that goes hand in hand with economic efficiency, not the other way round."@en1
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