Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-514-000"
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"en.20111025.29.2-514-000"2
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"Madam President, the ArcelorMittal case is symptomatic of the consequences of your policies; not only the Commission’s policies, but policies that have been encouraged by the majority of this House.
Today, we are hearing a kind of chorus of cries from the Group of the Greens/European Free Alliance, the Group of the Alliance of Liberals and Democrats for Europe, the Group of the European People’s Party (Christian Democrats) and the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament. However, ladies and gentlemen, you voted for all the texts that have given rise to the current situation, you approved these policies, you approved widespread free trade, you approved the agreements reached at the World Trade Organisation, which is leaving European industry, bound hand and foot, to the mercy of a number of foreign speculators.
Today, extraordinarily naive as you are – your naivety is a credit to your innocence, to your guilelessness – you have discovered, for example, that the nationality of investors may ultimately influence their policy decisions. You have also discovered that capitalism obeys its own financial interests rather than employment interests or the interests of industry. It is quite astounding to witness this.
The Commission does indeed have a responsibility to bear. Under the pretext of maintaining free competition, it systematically opposed the creation of large European industrial companies, and recently, for example, it opposed Alcan’s acquisition of Pechiney, for the sake of competition. It opposed the ATR merger with de Havilland, as it was terrified at the prospect of a European company dominating the global market.
Today, because of you, ArcelorMittal is dominating the steelmaking industry; it is controlling and destroying what is left of this industry in Europe. This is your responsibility and no one else’s."@en1
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