Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-223-250"

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"en.20110928.19.3-223-250"2
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"I voted against the Wortmann-Kool report as it does not provide in any way for a sustainable exit from the financial, economic and social crisis. By restricting itself to a punitive approach alone, the economic governance package straitjackets the Member States into austerity policies. Instead of guaranteeing policies for recovery, that support consumption and investment for the future, this package is making the people pay for the crisis, by stifling growth and destroying jobs, and will consequently prevent any return to balanced budgets. The consolidation of public finances must be accompanied by a policy for growth and recovery, and this economic governance package is nothing other than an abdication in the face of the all-powerful financial markets and credit-rating agencies. There is another way forward; the European right will have to accept the heavy responsibility for not having chosen it."@en1

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