Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-409-000"

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"en.20120418.21.3-409-000"2
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"Now the euro crisis is threatening to flare up again, it has again become clear that the handling of the crisis by the conservative majority in Europe is not working. The Group of the Progressive Alliance of Socialists & Democrats in the European Parliament came to this conclusion almost two years ago. A policy that focuses only on rigorous saving, without balancing it out with investments in growth and jobs, is strangling the European economy. The fact that the Commission has finally come up with a jobs package is, in itself, commendable but, unfortunately, this is again too little, too late. Instead of putting jobs and growth centre stage in the European Semester, the communication confines itself to listing a mishmash of existing measures without developing a strong legislative basis and without setting aside the necessary resources. There can be only one conclusion: this ‘employment package’ is a fig leaf. Meanwhile, a broad consensus has grown in support of our criticism that the narrow-minded perspective of savings and fiscal consolidation is leading the EU straight into the abyss. It is, therefore, high time that the Commission came up with a real growth plan and put growth and job creation centre stage in the European Semester. The time of empty talk is over; we need tough legislation."@en1

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