Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-476"
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"en.20101215.26.3-476"2
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"Madam President, there have been recent reports in the media about the directors of the failing German bank HRE being entitled to huge pensions after only working there for two years and on the basis of contracts which were drawn up after the bank had already received massive amounts of state aid. This confirms the belief of the citizens of the European Union that money is simply being thrown at the banks, while strict austerity programmes are being imposed on ordinary people.
Article 9 of the Treaty of Lisbon refers to ‘a high level of employment, the guarantee of adequate social protection’. For those people in Europe who have been hard hit by the financial and economic crisis and who are now being forced to make savings, this sounds like adding insult to injury. For example, when the pension reform in Hungary is rolled back and the citizens have to transfer back to the state pension system or lose 70% of their pension rights, it is clear that an icy wind is blowing through the EU. In the debate in plenary on the future of the euro area, the President-in-Office of the Council explained that events in Dublin had highlighted the importance of an economic policy control mechanism in the EU. In my opinion, completely the opposite is the case. We have too much centralism and too much conformity."@en1
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