Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-478-000"
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"en.20110623.37.4-478-000"2
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"−
This is yet another of the pieces of legislation in the so-called economic governance package. In this case, it aims to strengthen surveillance of budgetary positions, and the surveillance and coordination of economic policies. In practice, this regulation lays down the rules regulating the content, presentation, examination and monitoring of stability programmes and convergence programmes, as part of the multilateral surveillance that the Commission and Council want to carry out at an early stage; the argument being to prevent budget deficits and excessive debt occurring, and to promote the surveillance and coordination of economic policy. The tired old arguments about growth and jobs being the main objectives are being wheeled out.
As we know and have said, the result is the opposite. Solidarity and economic and social cohesion are nothing more than empty words: dead letters in the Treaties. It is dominated by monetarist and neoliberal policies in the interest of guaranteeing greater profits for large companies and financial institutions. As for the people, as the experiences of Greece, Ireland and Portugal show, what they see and suffer in the flesh is more social inequality, more unemployment and more poverty. It must be acknowledged, once and for all, that the policies in force, that they now want to deepen, are the fundamental cause of the crisis."@en1
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