Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-06-Speech-3-249"
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"en.20101006.17.3-249"2
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"Madam President, earlier this evening, we debated the social provisions and the Lisbon Treaty, which obliges the Union to consider the social consequences of a decision when making its policies. Is the EU – or should I say the Commission – considering the social, and indeed economic, consequences of insisting that Ireland comply with the Stability and Growth Pact by 2014?
Of course, fiscal consolidation is very important, but there is a real sense that it is all that matters. ‘Get within the 3% by 2014 or else’: that is the very strong message coming from the EU. Earlier this evening, the Belgian Presidency said that mindless austerity is not inevitable, and yet that is what we are facing: mindless austerity, fiscal correction at whatever cost. How about the need to rebuild our economy? Yes, we need to get back to the 3% level, but we need a longer time frame.
I fully accept that many of the difficulties are self-inflicted and I am not looking for sympathy, but I am saying that mindless austerity will destroy our small, open economy that, two years into the crisis, still has four businesses closing every day."@en1
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