Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-394-875"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20120704.25.3-394-875"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"−
I voted in favour of this report because the measures taken so far by the Council to manage the economic and financial crisis have been unsuccessful. The current economic and social crisis is the result of the European Union’s neoliberal policies of promoting deregulated financial markets, liberalising markets in products and services and increasing the role of financial markets in the economy as well as reducing public investment and removing regulation of labour relationships. Democratic structures have been severely disrupted due to the excessive focus on austerity and so-called ‘market discipline’ imposed by the Troika. Unprecedented bailouts of financial institutions have taken place, which have led to a massive socialisation of losses and high public deficits. Socio-economic inequalities have significantly increased due to the continuous redistribution from wages to capital. This time, after more than 20 European Council meetings since the beginning of the crisis, it is clearly recognised that a combination of policies for both fiscal consolidation and growth need to be pursued in order to overcome the crisis. In this respect, this summit was a key step towards changing the policy of the European Council to address the challenges Europe faces today, namely the transition to a more balanced, cost effective and more socially just anti-crisis agenda."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples