Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-125-000"

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"en.20120313.7.2-125-000"2
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". The extension of the crisis derogation must be maintained, at least temporarily. Relocation is undoubtedly, at least for the time being, crucial for European capital in search of areas where wages are lower. The European Union created this fund to tackle the impact of globalisation. It is a completely different discussion as to how effective it is. At the moment, however, we do not have any instrument to allow us to mitigate the impact of bankruptcy or the decline in activity due not to globalisation, but simply to the economic crisis. Initiatives relating to research and innovation and increasing competitiveness are economically correct, but their impact is only felt in the long term. Until then, Europe needs to overcome the crisis. Either a new instrument with a specific purpose or the extension of the derogation is necessary from this perspective."@en1

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