Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-23-Speech-2-537-976"
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"en.20121023.45.2-537-976"2
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"I supported this request. One of the criteria for the Commission’s assessment was the evaluation of the link between the redundancies and major structural changes in world trade patterns due to globalisation. The French authorities argue that the increasingly bleak growth prospects and the tougher credit conditions during the crisis have given rise to fears among private individuals concerning the safety of their jobs and have led them to postpone purchasing a vehicle. At the same time, given the deterioration in the economic situation, companies have also cut down on investments and, consequently, on renewals of their fleet of vehicles. Thus, despite the temporary measures introduced by some Member States (for example, scrapping programmes), the European vehicle market – particularly in Western Europe, which is the largest market for the group PSA Peugeot Citroën – collapsed suddenly in the second half of 2008, with a 10.7 % decrease in registrations of light passenger and commercial vehicles in Europe in the third quarter and a 17 % decrease in the fourth quarter of 2008, in relation to the same period over the previous year. The fall in the sales of vehicles due to the global financial and economic crisis has directly affected the economic results of the PSA Peugeot Citroën group."@en1
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