Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-203"

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"en.20100209.13.2-203"2
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"Madam President, ladies and gentlemen, the new Commission is starting its job with a huge lie: not only are the Treaty of Lisbon and the Lisbon Strategy not helping to protect us from the crisis; they are one of the causes which drove us into it. They have failed resoundingly. The global crisis highlighted the boundaries, the strengths and the structural problems of the European global development model. The Stability Pact no longer exists; the crisis abolished it, as proven by the deficits and rate at which public debt is increasing in Germany, Spain, Italy, Portugal, Great Britain and Greece. The crisis does not only concern Greece. It concerns the European Union and, because of the decisions taken, it concerns the euro area. The Left warned against and opposed these policies. Unfortunately, the Right and the social democrats are insisting on using the same tools to deal with the crisis. With the Lisbon Strategy, we have dismantled the social state. We talk about a Europe of cooperation, while the European Central Bank is lending to merchant banks at a rate of interest of 1%, but allowing the Member States to borrow from the money markets at a rate of 6%. The European Union is following the United States in terms of its model and its military services. How is it that we accept the US credit-rating firms, such as Moody and others, as the official judges of the economic policy of the Member States and let them dictate economic policy? We therefore need to change the Stability Pact and replace it with a Development and Employment Pact. The European Union cannot and must not compete at global level on the basis of wage costs. Finally, we must discourage the promotion of competitiveness on the basis of a deterioration in labour relations and rights."@en1
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