Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-14-Speech-3-076-000"

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"Madam President, Commissioner, as far as I can see, in business, in politics and in life, confidence is the key to everything. I believe that you and your Directorate-General have betrayed this confidence. You have betrayed it in three ways. First, when we had faith in you and said: ‘Parliament renounces its right to joint decision-making power over the indicators’, we had faith in you on the basis of a road map. One of the elements of this road map was that Parliament would be closely consulted. What happened is that the Directorate-General for Economic and Financial Affairs (DG ECFIN), as indeed is its custom, got into bed with the Council, and when they produced their baby together – and I do not wish to know how – they showed this baby to Parliament and asked us: ‘Are you happy?’ That is no way to consult people. I am not one for but I find that in this case, frankly, you have chosen your partner and I think you have made a bad choice. The underlying message is: ‘It is not the same thing for a country to be in surplus or in deficit’. That is true. However, to be clearly told: ‘Surplus countries will never be punished’, is tantamount to saying that excessive surpluses are not dangerous. I am very sorry, but by saying that, you ignore the fact that excessive surpluses are as dangerous as excessive deficits. This is the case, and we must deal with it just as vigorously. Finally, as regards competitiveness, DG ECFIN has shown that, when all is said and done, its obsession has not changed: the only factor standing in the way of the competitiveness of business in Europe is its wages. We must clamp down on wages as if this were the be all and end all. Europe will never be China. We shall never be top of the low wage league. We must win the battle for value."@en1
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"ménage à trois"1
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