Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-393"

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"en.20101020.21.3-393"2
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"I abstained in the vote on the report because it reinforces the Commission’s efforts to put pressure on debtor states, by proposing strict measures at a time when their public finances are in poor shape. The pressure for debts to be settled immediately, with the threat of serious monetary penalties in the form of interest, mainly serves the interests of the businesses taking advantage of the crisis to seek cutbacks in social protection and a freeze on or cuts to workers’ wages. The argument that this will help small and medium-sized enterprises does not stand up because, with the figures quoted in the regulation, the enterprises in question are not small and medium-sized enterprises. This sort of action would be warranted if preceded by bold support for the real economy of wage-earners and action to promote social and economic cohesion."@en1

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