Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-20-Speech-4-981"
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"en.20100520.16.4-981"2
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"During the vote on Thursday 20 May on the report by the socialist MEP, Liem Hoang Ngoc, on the long-term sustainability of public finances, the UMP and Modem groups in the European Parliament voted enthusiastically for a text which the Group of the European People’s Party (Christian Democrats) and the Group of the Alliance of Liberals and Democrats for Europe had amended line by line in order to turn it into a neoliberal manifesto. I voted against this text, which is an insult to the citizens of Europe. The UMP and Modem are raising the spectre of unsustainable deficits to justify unprecedented austerity measures throughout Europe from 2011. They propose transforming the Stability Pact into a Social Regression Pact. In this text, the right goes as far as rejecting the creation of a European public credit rating agency, while the private agencies are beating the drum and leading speculative attacks against the States in the euro area. However, it forgets that the rise in deficits is first and foremost the result of the crisis, the bank bailout packages and the failure of neoliberal policies. Today, the right is presenting the invoice to the citizens."@en1
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