Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-297-500"
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"en.20110928.19.3-297-500"2
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"I opposed four of the so-called ‘six pack’ because they are economically misguided, and will reinforce the EU austerity programme driving us into recession. Austerity measures which fail to protect investment, will kill growth, destroy jobs and derail economic recovery. Without growth a return to sound public finances will be simply impossible. I welcome today’s adoption of the regulation establishing a system for detecting and correcting macroeconomic imbalances. It contains important measures protecting social rights, ensuring that a wide range of potential economic imbalances will be monitored. There is a clear alternative to brute austerity. We need a broader and more ambitious agenda for the euro zone. We need an alternative economic governance scheme that includes: 1. A European Growth and Jobs Pact to promote investment, recovery, growth and jobs as well as restoring public finances. 2. Stronger and more democratic decision-making arrangements, so that Europe can respond promptly and effectively. 3. A strong system of eurobonds to stabilise markets and lower interest rates. 4. A tax on financial transactions, to raise new revenue and limit harmful forms of speculation 5. A larger European budget to support European-wide policies and financed through own resources."@en1
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