Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-097-000"
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"en.20120704.4.3-097-000"2
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"Mr President, I quote: ‘Overall the European Union is in mild recession’. This must count as the most outrageous and misleading understatement since the minor cleric in the cartoon remarked to his bishop that parts of his decidedly rotten egg were good.
In Spain and Greece youth unemployment is around 50%. They have already exported their jobs. Now they are exporting their skilled workers too. The eurozone prevents these countries from competing effectively by allowing their currency values to fall. They can compete only by austerity programmes that drive down their wage rates. And they expect countries with reduced incomes to get out of debt!
Freedom of movement of workers between countries with greatly differing wage levels has left semi- and unskilled workers in the West in permanent unemployment and underemployment. In the UK they are forced to sign up to slave labour, wageless work schemes for the benefit of corporate balance sheets. Meanwhile, countries in the East have been deprived of their most able and motivated workers.
The greatest threat to any drive for growth and employment is globalism and trade agreements with emergent economies with which we cannot compete. The EU talks about achieving a single European market. Its real goal is the single world market in which emergent economy wage levels will be imposed on all workers."@en1
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