Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-07-04-Speech-4-202"
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"en.20020704.10.4-202"2
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"Mr President, I agree with what Mrs González Álvarez has said. We need a proper debate on this and not just an urgency. This is a crisis that risks spreading to the rest of the economies of Latin America. The crisis is to a large extent the co-responsibility of the IMF's and the World Bank's irresponsible and crazy lending policies. Argentina was for a decade their favourite pupil, opening up the markets, putting money into financial speculation instead of productive investments and increasing the debt enormously. The dollar/peso parity, provided for through a change in the constitution, made exports far too expensive and therefore killed off the exports sector.
We would like to see a huge aid package for social and productive investment, debt cancellation and a tribunal for those who were accomplices in buying out the country. This is a country that used to be the richest nation in Latin America and No 6 in the world! We should also be concerned about the actions of some Europeans. The Spanish are reclaiming the money they put in through their investments by buying up the electricity, water, banking, telecom and airline sectors.
A thorough investigation of the crimes is essential, with those responsible being brought to justice. In the last week alone there has been excessive and violent repression by police, including the use of firearms. Two demonstrators have died, 90 people have been injured and 150 people have been arrested. There was also a raid on the headquarters of the United Left Party without even a court order. These issues need to be addressed and those responsible brought to justice.
The European Union needs to distance itself from the neo-liberal economic programmes that are being provided. We must reject the IMF's and World Bank's recipes."@en1
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