Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-10-25-Speech-1-107"

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"en.20041025.15.1-107"2
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"Mr President, why such panic from Sweden to Greece and from Portugal to Poland? Why has the Commission been caught unprepared? Why have you allowed things to develop in such a bad way for European households, industry and fisheries? Did the Commission not see how much the map had changed over recent years? Did it not see the intervention of the United States? It is controlling Iraq's oil through the invasion. It is controlling Saudi Arabia's oil by controlling the royal family. It is controlling Libya's oil by holding Gaddafi hostage. It is controlling Venezuela's oil by trying to destabilise Chavez. It is controlling Russia's oil through its customer relations with Putin. It is controlling oil and playing games with oil to the detriment of the European Union and to the detriment of China. A China desperately in need of oil (one in twelve barrels produced go there) and a Europe which, with its overpriced currency and with oil at USD 55, has particularly unaffordable and expensive goods which no longer even get near the shelves. You will see huge problems soon. Chryslers will flood Europe; there will be fewer Renaults, fewer Mercedes, fewer Fiats. The result will be more American cars and everyone knows what that means for the economy. We need to get out of this trap they have set for us as quickly as possible. We need to be able to adjust the currency and, above all, we need to be able to take the oil which is ours, oil in Romania and oil in the Aegean which Turkey has blocked. If you want cheap oil, it is up to you to pull Turkey into line and to have cheap oil in Europe so that the European people are able to make ends meet."@en1

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