Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-02-25-Speech-2-576-000"

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"en.20140225.49.2-576-000"2
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"Madam President, with the elections around the corner, it is beginning to dawn on a section of this House that so-called fiscal consolidation and austerity, both of which are imposed via the European Semester, are to blame for the social catastrophe we see around us across Europe. This report, however, perfectly illustrates how this is purely rhetorical recognition. On the one hand, it declares that social indicators should be taken into consideration but, on the other hand, it continues to advocate the continuation of fiscal consolidation, slashing wages to boost competitiveness, increasing the retirement age, promoting insecure, unstable jobs for young people and so on. It is the same poison, simply re-labelled as medicine. What is needed is to scrap the Semester, to scrap the austerity offensive that serves only the interests of big business, bankers and bondholders, and to pursue socialist policies to point a way out of the crisis, repudiate the debt, make the rich pay their taxes and have public investment in real job creation and a democratic plan to redevelop our economies."@en1
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