Employment and Social Affairs Commissioner Marianne Thyssen has rejected claims that the stability and growth pact and subsequent austerity policies were to blame for factory closures. She delivered a statement to the European Parliament on Wednesday 14 September on the need for a European reindustrialisation policy in light of recent events with Caterpillar and Alstom.
She stated that the two closures and the stability pact were completely unrelated. She said that the pact was crucial...