Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-278-250"

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"en.20110928.19.3-278-250"2
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"I voted against the Feio report because it in no way provides for a sustainable way out of the financial, economic and social crisis. The economic governance package, by restricting itself to a merely punitive approach, straitjackets Member States into austerity policies. This package, instead of guaranteeing policies to support recovery, consumption and investment for the future, makes 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. However, this economic governance package is merely an abdication in the face of the all-powerful financial markets and credit-rating agencies. There is another way forward, and the European right will have to accept the heavy responsibility for not having chosen it."@en1

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