Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-492-000"
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"en.20111025.29.2-492-000"2
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"Madam President, one by one, ArcelorMittal is closing its plants across the European Union on the pretext of production overcapacity. This is resulting in the direct or indirect redundancies of thousands of employees. At the same time, ArcelorMittal, which, year after year, has been fed billions of euro in State aid and tax exemptions, is continuing on its breakneck quest for profit. For example, the Walloon Region has provided hundreds of millions of euro in aid to Mittal for CO
quotas and over EUR 110 million in investment, when, at the same time, the group made a net profit of EUR 238 billion, for the sole benefit of its shareholders. State aid has merely served to fund Mittal’s devastating strategy: buying out a competitor at a low price to rob it of its know-how, then destroy it, so as to ultimately import at a lower cost. Mittal is definitely a predator, but national and European policy choices have allowed and funded its predatory actions. Yes, this is the result of your policies, and your institutions are bowing and scraping to Mittal to the bitter end, because even now that it is talking of job losses, you are still proposing to grant it State aid.
What can we do now, then? There are two possible answers to that question: the one offered by the majority of this Parliament, which entails whinging and relying on the sacred markets, at whose altar they pray, in giving even more State aid via the Globalisation Adjustment Fund, and in keeping citizens sweet until the next elections; or the one offered by progressive Europeans, who propose nationalising ArcelorMittal, given the billions in State aid that that group has already received. The aim: to create a public group in the form of a European economic interest group (EIG) for the steel industry, with the support of our universities’ high-tech laboratories.
Contrary to the immoral drivel that we hear, the steel industry is not an industry of the past; it makes high-value-added products; it is vital for a European metal industry. We still have the know-how, the means of production and a qualified workforce. Therefore, we must not allow Mittal or anyone else to destroy them! We must protect them and develop the European steel industry. Let us give Europe, at long last, the industrial policy that it will need in the future."@en1
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