Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-522-000"

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"en.20120613.30.3-522-000"2
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"Mr President, the economic stagnation in which the European Union finds itself is forcing us to think about suitable stimuli to revive economic growth. Although I understand the consolidation measures and proposals for the reallocation of the Structural Funds, I cannot help feeling that the Commission is overlooking some of the root causes of the current situation. One of the reasons that European workers are losing their jobs is that our European companies, which we often support through various stimulus measures, are moving production to other parts of the world, and the resulting profits to tax havens. Just look, Commissioner: are there any major European car manufacturers that have not built up their production capacities in China, Brazil, Russia and elsewhere around the world? Do you wonder that their European plants no longer achieve the sales they used to and that their European employees are losing their jobs? And I ask you: do the proceeds from such business end up as tax revenues of the EU, or in the overseas accounts of shareholders or senior managers of these companies? Let us therefore also consider, Commissioner, what sort of economic environment we must be creating in the EU if our traditional European manufacturers are gradually relocating elsewhere in the world to do business."@en1
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