Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-039-000"

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"en.20111215.3.4-039-000"2
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"Madam President, the Council decision not to continue extending EGF assistance to workers made redundant as a result of the financial crisis is plainly indefensible. While EU leaders rush around the continent trying to prevent financial catastrophe on a global scale, these ministers seem to think the crisis is not impacting on jobs – when unemployment levels reach record highs across the eurozone, being over 14% in Ireland. Unbelievably, the signal the ministers are sending is that these unprecedented rates are not caused by the economic crisis. Ironically, this unfortunate decision was made on the same day the Commission announced an extension of a derogation granting Member States a licence to spend fortunes more bailing out the banks. To add insult to injury, the special arrangement for banks will start the day after the end of this meagre but important EGF provision to support people on the dole because of a crisis triggered by market speculators and reckless bankers. As a consequence, I must now call on the Commission to prepare and put in place, as soon as possible, a new European crisis fund or a real economy fund in order to assist the many workers made redundant by the toxic fallout of our hyper-financialised economy, which has swept the EU into the woes we see today."@en1
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