Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-15-Speech-4-245-312"
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"en.20111215.23.4-245-312"2
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"The scoreboard of macroeconomic imbalances is a basic instrument for the application of the legislative package on economic governance. The Confederal Group of the European United Left – Nordic Green Left considers that this particular economic governance package is the wrong response to the crisis. Its objective is not economic coordination, as it maintains; it is to impose a permanent austerity memorandum throughout Europe, on all the workers. It is clear from the results of the scoreboard in question that convergence is being translated into an increase in competitiveness, by institutionalising austerity and making cutbacks to wages, pensions and rights. Indicators relating to income imbalances and the reduction in poverty are missing from the scoreboard and the unemployment indicator has very little weighting. The euro area is dealing with massive structural problems that are creating imbalances that are being shouldered mainly by the workers both in the countries in surplus and in the countries in deficit. As the economic governance package – and hence the scoreboard of macroeconomic imbalances – cannot provide fair and radical solutions in terms of getting the euro area out of the crisis and ensuring that it functions viably, I voted against this specific motion for a resolution."@en1
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