Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-29-Speech-4-184-000"

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"en.20110929.18.4-184-000"2
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"The European Commission’s recent economic forecasts, published in spring, indicate that the economic growth and labour market recovery prospects for 2011 and 2012 are decidedly less optimistic than those of autumn 2008, which were used to establish the content and duration of the European Globalisation Adjustment Fund (EGF) derogation. In short, a substantial recovery in EU labour market conditions is not expected before 2013. These assessments, together with the consideration that the Member States’ budgets are under strain due to the fiscal consolidation efforts, are the reason for my vote in favour of the report, and for my extremely enthusiastic reception of the Commission’s proposal to extend the EGF in the next multiannual financial framework also. At a time when we are experiencing serious economic instability and citizens are being forced to make great sacrifices, it would be a serious mistake to substantially weaken the fund, which the public, too, recognises is one of the few genuinely supportive instruments implemented by the Union during the crisis."@en1

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