Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-524-000"
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"en.20111025.29.2-524-000"2
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"Madam President, this wave of companies going out of business and multinationals relocating – for example, Arcelor and Nokia – is scandalous. These are the consequence of the capitalist policies of free competition, of deregulation of the labour market, of flexibility and of flexicurity. It is because of these policies that large companies are going out of business after receiving high levels of EU funding, condemning thousands of workers to unemployment, even when their profits are as high as those of ArcelorMittal. Such scandals are on the rise in various Member States, including in Portugal.
It is time for the European Commission to table initiatives that prevent multinationals from behaving in this way, and defend European industry. It is time to intervene with public policy, including the nationalisation of sectors fundamental to production and employment. It is time to return to regulation and to recognition of the rights of those who work. It is time for politicians to take control of the economy and to put a stop to large companies and financial institutions guiding EU policy."@en1
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