Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-20-Speech-5-238-000"
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"en.20120420.21.5-238-000"2
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".
We consider it important to respect each country’s sovereignty over its natural resources and the right of all countries to organise their economies in accordance with the interests and will of their peoples. Accordingly, we support the sovereign decision of the Argentine Government to renationalise YPF. This is an example for other EU Member States to follow, especially Portugal, taking public control of not only the energy sector, but other strategic sectors of the economy. This decision is all the more justified, as experience shows that privatisations do not resolve sovereign debt problems, but lead to reduced income, employment and tax receipts; to increased social security costs, because there are always redundancies following privatisations; and to weaker democratic public control over key sectors of the economy. As such, they undermine democracy itself. This resolution demonstrates, once again, that the majority in this Parliament are not here to defend the sovereignty of the peoples, or the rights, interests and needs of the workers and general public by protecting their access to energy and other natural resources. Rather, they are here, above all, to defend the profits of the shareholders of large companies, such as Repsol."@en1
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