Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-22-Speech-1-161-000"

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"en.20121022.22.1-161-000"2
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"Mr President, the EU and Member States need to devise, fund and implement an industrialisation strategy. In the past 30 years, the EU has undergone a process that has destructured European industry. In chasing after high profits, large companies in the EU have delocalised their production to third countries, where labour and raw materials were cheaper. Today, most high-volume consumer goods used by EU citizens are imported from developing third countries. The difference between the sale price on the internal market and the low production costs in these countries creates huge profits for a small number of entrepreneurs, at the cost of millions of jobs lost across the EU. The industrialisation of the EU ensures job creation within Europe, a decent standard of living for EU citizens, and investment in schools, hospitals and basic infrastructure, thanks to money coming into Member States’ budgets. It is by investing in the industrialisation of the EU, and not by austerity, that the EU will overcome the current economic, financial and social crisis."@en1
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