Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-11-Speech-4-105"
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"en.20100211.12.4-105"2
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"Mr President, the share of world GDP occupied by old Europe is in serious decline. If we exclude the countries that joined in the last enlargement round, the GDP of the world which was occupied by the 15 old states 40 years ago was 35%; today is 25%; in 15 years’ time, will be 15%. Europe is becoming sclerotic, arthritic, because of the economic and social model which we used to pride ourselves on.
There was a time immediately after the war when it looked as if it was working: paid holidays, maternity leave – what is not to like? – limited working hours and so on. But there comes a moment when reality imposes itself, and we have reached that moment now. It now takes four German workers to put in the same amount of hours over the year as three American workers; as a result, US share of world GDP over the last 40 years has remained roughly stable. We are like an elderly couple in a once grand house which is beginning to crumble around us, taking our eyes off the developments beyond our doorstep. Our continent as a whole is becoming sterile, sclerotic and old."@en1
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