Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-451-000"

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"Mr President, it is a very good thing for the European Union to take measures to provide our continent with infrastructure in the areas of transport, energy and digital networks. It would be an even better thing still if it led to European public ownership of these infrastructures and if they were to be operated by major European transport, energy and digital network public services, thereby increasing security and respect for public money. It is time to put an end to a type of competition which, while enabling a minority to levy fair profits, is a source of waste, inefficiency, regional inequalities, corruption, and exorbitant prices paid by users, who have become customers despite themselves. Did you know that, thanks to your competition dogma, a sizeable proportion of the lorries that travel through Europe do so empty? That more energy is sold than is produced, with the costs that this entails for families and companies? If Europe wants to enter the 21st century and not end up back in the 19th century, we must say ‘no’ to sterile competition and ‘yes’ to cooperation and complementarity. The funding system for these essential infrastructures that you are presenting to us today is just another one of those convoluted schemes that lead to crises. In short, we socialise risk and privatise profit to the great delight of the pension funds and other harmful financial funds. I myself have an innovative solution to offer you which does respond to the general interests of the citizens of Europe: the direct funding of these infrastructures by the European Central Bank, under the same conditions as those for the private banks that are currently being refinanced by the ECB. This solution would let us partly release the stranglehold that the financial markets have on European democracy."@en1
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