European Parliament
Iva Zanicchi  (PPE ).
(IT)
Mr President, every time the situation seems to improve, new downgrades by the rating agencies shake up the international markets. Many European businesses are failing, and in terms of employment, the number of long-term job seekers is rising, especially among the young.
If austerity plans and safeguarding the euro are necessary measures, then drastic changes to the job market are even more important at national level in boosting economic recovery in Europe. Only by making the European Union competitive again will we restore faith to investors and promote the creation of new jobs.

