Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-222-000"
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"en.20120215.18.3-222-000"2
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"Mr President, the terms ‘growth’ and ‘employment’ roll off the tongue quite easily, but it is the policy pursued by Europe which is denying employment and denying economic growth to many of its citizens.
The euro area crisis is causing unemployment to rise across Europe. In Spain, there is over 40% youth unemployment and in Greece 50%. Within the economic straitjacket of the euro, what hope and what future do these young people have in an economy that simply will not grow while tied to the euro project? This is the scandal of President Barroso, the Commission and the euro establishment. It is a scandal that is manifesting itself in Greece in violence, and in the Greek Parliament where euro bureaucrats are pre-eminent over elected representatives.
I voted against this report also because of its support for a financial transaction tax, supposedly to support employment and growth. In reality, it will be a raid on the United Kingdom tax base to prop up the euro area’s profligate spending. If Europe is serious about employment and growth, it could start with very simple measures like cutting red tape and helping SMEs, but it certainly will not do it with the measures outlined in this report."@en1
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