Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-06-12-Speech-3-056-000"
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"en.20130612.3.3-056-000"2
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"Mr President, the implementation of the Compact for Jobs and Growth is to be discussed. If only words were deeds, if only wishes were achievements.
The impact of tight budgetary constraint was to be monitored, but it did not act on what it saw. You cannot make a population richer by making it poorer. It promised to promote growth and competitiveness. How do the high-wage economies of Europe compete with the slave-labour wages of the so-called ‘emergent economies’? How do countries with an over-valued currency that cannot be changed unilaterally become more competitive without devaluation?
The single market is seen as a panacea for all ills, but it has facilitated the export of jobs from higher-wage economies to lower-wage economies. Improving training for the unemployed will make individuals better able to compete with their fellows. It might also marginally improve the efficiency of industry and commerce. However, it will not increase the total number of jobs immediately.
Mr Barroso believes confidence is a key to growth. It will be effective only if that confidence is soundly based. However, investors can see that the EU’s embrace of the ideology of globalism will destroy European industry and reward the emergent economies, and they will invest accordingly. Individuals might prefer to invest in their own countries, but their investment funds are, unfortunately, profit maximisers."@en1
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