Another Europe is possible

European Semester an opportunity just for markets, not citizens

05/02/2013

We are proposing alternatives to these policies: increased salaries and pensions in order to fight inequality and boost the economy, increased public investment in productive sectors; better redistribution of income - including ending big business privileges - in order to finance public services; and the regulation of insecure employment contracts.

European Semester an opportunity just for markets, not citizens

Time


"The European Semester project is a huge opportunity, but unfortunately it's an opportunity just for markets, not citizens" said MEP Marisa Matias debating the European Semester for economic policy coordination today in the European Parliament.


"This final report (Ferreira) which was substantially amended by the right-wing groups, is being put forward as a way for the EU to maintain and deepen austerity policies and further liberalise the labour market. Meanwhile no mention is made of the need to review the policies of fiscal adjustment or the problems of tax avoidance and tax evasion" she said, referring to the fact that the right-wing groups also rejected recommendations on the need to articulate efforts at European level to combat fraud and tax evasion, as well as recommendations on regional and cohesion policy.

MEP Inês Zuber said that "the fundamental characteristic that distinguishes the Fontagné Report on employment and social aspects of the Annual Growth Survey 2013 is the fact that it recognizes that the scourge of unemployment, growing poverty and social exclusion is due to the impact of "fiscal consolidation". This would be even more significant were it not for the solution proposed in the text which is: 'continue the implementation of fiscal consolidation measures'. Therein lies the contradiction in this report."

"Lower wages, layoffs, cuts in public investment that are contrary to economic growth are all responsible for increasing unemployment. We are proposing alternatives to these policies: increased salaries and pensions in order to fight inequality and boost the economy, increased public investment in productive sectors; better redistribution of income - including ending big business privileges - in order to finance public services; and the regulation of insecure employment contracts".


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