Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-076-000"
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"en.20120313.6.2-076-000"2
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"Mr President, the fiscal compact signed a few days ago illustrates that growth and jobs continue to be glaringly ignored by Europe’s leaders. If small and medium-sized enterprises are key for growth and employment, and youth employment in particular, as President Barroso has stressed, is it not scandalous that – particularly in countries suffering bailout and recessive austerity, like mine – they are being choked by a lack of credit from banks that are going to the European Central Bank for liquidity at 1% but which, immorally, continue to refuse them finance or to grant it only in exchange for exorbitant interest rates?
How too, despite President Barroso having acknowledged here that more than EUR 1 trillion in investment is lost to the European economy from tax evasion, can the passiveness of our governments and the Commission in response to it be explained?
The fiscal compact does not include a single line on tax harmonisation, on controlling off-shore accounts, on combating fiscal dumping between the Member States or even on the financial transaction tax, which, as well as representing additional resources for investment, would be a start on controlling financial transactions in the European Union. Are we surprised that young Europeans are being obliged to leave the European Union? In Portugal, where the unemployment rate exceeds 35%, the government is accepting collective incapability and incompetence, and is encouraging them to emigrate. Are they not dying of shame?"@en1
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