Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-10-Speech-3-641"
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"en.20100210.33.3-641"2
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"I would like to talk about two issues: the trade deficit and CO
emissions. The document rightly states that the growth of the trade deficit of the European Union and the United States has contributed to the international economic crisis to a large extent. The trade deficit of the European Union grew from EUR 75 billion in 2004 to EUR 243 billion in 2008. This is a three-fold increase in 4 years. This means that the consumption of each European citizen exceeded produced value by EUR 500. Such a large trade deficit and a consumption that exceeds production to such an extent are not sustainable. Measures are required to reduce the trade deficit, because if we do not do this intentionally, the laws of economy will spontaneously enforce such a change. However, this would incur a much higher social cost. The current events in Greece illustrate this.
As regards energy, world trade is not only distorted by protectionism, but also by energy price support mechanisms. The use of oil is subsidised in a number of developing countries, with oil being available at prices lower than on the international market, while budget resources are also used to support the use of electricity. At the same time, European producers need to pay taxes, carbon dioxide quotas, if they want to use energy in production. Copenhagen made it clear that developing countries wish to hinder a climate protection agreement as they are not willing to accept sanctions related to cuts. Measures are required to prevent this, as several economists have now pointed out that cheap carbon dioxide gives a more competitive edge to China than cheap labour. If we do not reduce energy consumption, there is a danger that again and again ..."@en1
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