Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-026"
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"en.20101020.3.3-026"2
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"Mr President, Mr Chastel, Mr Barroso, if I have understood you rightly Mr Barroso, we are starting from completely opposite analyses, since you said that the economic crisis is behind us, whilst our group, the Confederal Group of the European United Left – Nordic Green Left, believes that it is getting worse. To resolve the crisis, you are recommending austerity with the Stability Pact and now, the reinforcement of sanctions. I think we should be doing the opposite: improving working wages, a new fiscal approach to help support these and a tax on financial transactions, improving social welfare, protecting public services and a bold employment policy.
Sadly, I fear your strategy could land the European Union in deep trouble. Have you not heard the strength of the peoples’ protests throughout the European Union? For the sixth day yesterday, millions of people marched throughout France, with the backing of 70% of the population. Can you not see the danger that is threatening us today? The European idea, because it is based on competition and a policy of completely free trade, is colliding head-on with money in these economic wars, and now these currency wars. Why do we not look at a new system: a human and social development fund instead of the Stability Pact, in conjunction with the European Central Bank, which should be able to refinance the Member States’ debts and the national banks through money creation, at interest rates that would be favourable to social criteria?
The way I see it, the European Union must take the initiative in creating a new global monetary order, starting with taking up China’s proposal for a common international trade currency. Like Thailand and Brazil, why does Europe not start by introducing a tax on foreign currency, to ease currency tensions?
Commission President, representatives of the Council, I think the time has come for us to think of new initiatives and to listen to our people."@en1
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