Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-03-12-Speech-3-730-000"
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"en.20140312.70.3-730-000"2
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"Madam President, I would like to congratulate the rapporteur on his honesty. As he points out, the EU institutions are responsible for the conditions of the economic adjustment programmes that are bringing hardship and despair to so many people. The EU was ill-prepared and ill-equipped to deal with the sovereign debt crisis. It is young people who are suffering the highest levels of unemployment; there is a decline in job quality and a deterioration in basic labour standards.
However, it is not just Greece, Portugal, Ireland and Cyprus – the countries that have seen their economic governance fall under the control of the Troika – which are affected. My constituency, the West Midlands, has always been an industrial powerhouse, a centre of innovation and manufacturing excellence, but the eurozone crisis, burdensome EU red tape and the relocation of traditional industries to other EU Member States have left us in a situation where unemployment currently stands at 8.1[nbsp ]%, which is above the UK national average. Some 220[nbsp ]000 people in the region are unemployed. To you, that may be just a statistic, but to 220[nbsp ]000 of my constituents and their families – people with a traditionally strong work ethic – it is a tragedy. It spells frustration; it is a shame; it means young people leaving education but seeing no career, no prospects and no future.
The Troika is addressing the symptoms of the crisis but we need to look at the cause. The eurozone is bringing us all down. The good news is that, through hard work and inward investment, the number of people unemployed in the West Midlands is falling. But perhaps the biggest boost to our economy will be when, following a referendum, we free ourselves from the economic basket-case that the EU is becoming."@en1
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