Debating recent Summit conclusions with Commission President Barroso, GUE/NGL President Lothar Bisky said there was an urgent need to rein in the neoliberal fixation on profit and competition with effective regulation of financial markets.
"We need legitimate, democratically controlled economic governance with strict measures to tackle tax, wage and environmental dumping with corresponding common minimum standards" said the German MEP, criticising neoliberalism's obsessive, destructive push for "flexicurity" and increased retirement ages.