Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-469"

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"en.20101123.38.2-469"2
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"Mr President, Mr Barroso, the Commission’s reasoning seems to be permanently oblivious to the serious crisis in Europe. You even write in your document, I quote: ‘The signs of recovery are clear’. Where are these signs of recovery for those who are currently unemployed, living in poverty or homeless? Are you aware that we lent over EUR 400 billion of public money to rescue the banks and that this figure is precisely the amount of savings that will have been imposed on the people of the eight countries that are under the austerity plan? Your choices are therefore ineffective. In the Commission’s programme, I suggest carrying out an assessment of the effects the implementation of the Treaties of Maastricht and Lisbon has had on European workers and citizens. In my opinion, the solution is not austerity in wages or budgets. Instead, it should be structured around the increase of remuneration from work, improved social protection and solidarity-based pay-as-you-go pension schemes, as well as a contribution of capital income to public finances, thereby establishing a new fiscal justice. In fact, why not launch studies straight away into the creation of a tax on capital movements, setting up another credit with a new role for the European Central Bank, which, by means of money creation and another credit, should help Member States to refinance banks for safeguarding work, for education, for training, for all the common public assets with new public services for research and innovation. Today, what will make Europe credible is wealth distributed differently, not the straightjacket of austerity and unemployment."@en1
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