5
Jul
2022
Watch
EU initiatives to address the rising cost of living, including the implementation of the European Pillar of Social Rights (debate)
Mr President, I think we should say that since the war in Ukraine energy prices and food prices are going through the roof and people struggle to make ends meet while Putin is cutting off gas supplies to entire countries and capitalists make profits by speculating on markets and thereby hurting millions of households. And like I said, people making ends meet are in trouble to make ends meet while companies benefit with huge profits. So we need to have a profit windfall tax and use the profits from this tax to mitigate the social consequences of rising energy prices and inflation. We need to coordinate European action now to avoid a crisis in this winter, and I think we cannot wait until the social climate fund is in full action. We need action now. We have a European solution in the SURE instruments and we need to extend this programme to help households and companies to survive the winter. I am urging the Commission, the Council, together with the social partners, to take the lead. Please present a minimum income schemes directive as soon as possible and explore the possibilities of energy price caps for basic consumptions for households so no one is left behind. We need to be bold and we need to tackle the crisis now. Hats on!