Jacques Delors on Economy of Europe

“[The European Union must be a] federal union with a common currency, a tightly co-ordinated economic policy and a foreign policy capable of common diplomatic and military action. ... Britain is refusing to face reality. Does England have a future outside Europe? No. But it is difficult for a great nation to bid farewell to its golden age.”

“We have preserved social security and the welfare state, but at the expense of employment. Neo-liberalism, which put the emphasis on the market, manifested itself in Europe by the policies led by Margaret Thatcher, who sometimes had good reasons to prise off the shackles which were condemning British society to decline. But [Thatcherite policies] fell into an excess of laissez faire.”

“It is impossible to build Europe on only deregulation...1992 is much more than the creation of an internal market abolishing barriers to the free movement of goods services and investment...The internal market should be designed to benefit each and every citizen of the Community. It is therefore necessary to improve workers' living and working conditions, and to provide better protection for their health and safety at work...Europe needs you.”