Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-182-000"

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"en.20111215.23.4-182-000"2
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"Madam President, it is wonderful to see you in the chair. Hopefully we will see much more of you in the next term. Can I just say at this stage that that there are many opportunities afforded by globalisation. It allows companies to take advantage of global supply chains, many of which are in poorer and developing countries, and it allows us, using market conditions, to take many millions of people out of poverty. Unfortunately, the downside of globalisation is that there are companies which refuse or fail to take advantage of these opportunities. What they do is seek to protect their positions even though market conditions have changed. Unfortunately, all that the European Globalisation Adjustment Fund does is to encourage this inertia – not adapting to market conditions, not taking advantage of global supply chains and asking for more taxpayers’ money when that money would be better returned to Member States to be invested in sustainable jobs. It is time we ended the European Globalisation Adjustment Fund and returned the money to Member States."@en1
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