Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-327"
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"en.20100616.24.3-327"2
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"I voted against the joint motion for a resolution on economic governance, because it moves towards even stricter treaties and even stricter discipline in the unacceptable and unsuccessful Stability Pact. In the name of financial discipline and competitiveness, it promotes, with the cooperation of the IMF, the application, in almost all of Europe, of harsh austerity programmes which take income and rights away from the workers and condemn the economies of its Member States to recession. The motion does not overturn the structural and institutional problems of EMU and does not make provision for Community solidarity mechanisms. It serves the sovereignty of the financial system and does not address speculative games, leading the economies of the EU into onerous speculative borrowing. Finally, it moves the European Union away from the objective of economic and social convergence and cohesion."@en1
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