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Laurent Fabius

At the same time the Constitution sets in stone the Stability Pact and risks preventing member States from implementing a policy of growth. So we are not able to do things at the European or the national level.

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There are 20 million unemployed and what does the Constitution offer us in the Europe of 25, 27 and soon to be 30: policies of unrestricted competition to the detriment of production, wages, research and innovation.

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The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport.

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For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date.

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