Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-10-Speech-4-027-000"

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"Mr President, in reference to the alignment of unit costs with labour and levels of productivity, I think that we ought to focus on the framework conditions and less on indicators. It is not obvious that we can achieve this alignment. Productivity depends primarily on factors such as accumulated capital stock, which is very different. The clear disparity can be seen between Romania and Germany. This is due to the difference in quality of economic policies over time. Indeed, such discrepancies cannot be made up overnight. My country has made efforts towards reforming pensions and social assistance. I would therefore like to suggest including some provisions of this kind in the competitiveness pact. I support the need for a correlation between the retirement age and demographic trends. The impact which a coherent, realistic pensions policy has on public finances needs to be taken into consideration."@en1
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