Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-02-16-Speech-4-180"

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"en.20060216.20.4-180"2
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". Mr President, multiple financial crises, the rise in the number of poor countries and the exponential increase in their debts prove that the International Monetary Fund is the main means of promoting imperialist interests. It is an international organisation at the service of capital, which uses it to impose its choices on the peoples whose countries need loans, on the sole pretext of currency stability and balanced development. The International Monetary Fund is engaging in political blackmail against the countries which need its loans, by imposing despicable conditions relating to all public policies and cutting public spending, especially on education, health, social protection and every sector which affects a balanced budget. The policy of harsh austerity and the unacceptable social terms imposed on countries which take recourse to it are designed to protect lenders and safeguard their capital, privileges and profits. They are characterised by disdain for the social consequences and provoke a general outcry and mass demonstrations when it meets. However, it is not the outcry which results in its strategic review. On the contrary, the International Monetary Fund will acquire an even more aggressive character towards the interests of the workers following a review which will adapt its structure, administration and action, as well as its sectors of direct and indirect intervention in the new reality which emerged from the overturning of the socialist regimes and the new balances between the imperialist centres and the new targets of imperialism, which result in even greater exploitation of the workers and of wealth-generating resources, under the umbrella, of course, of the United Nations. The European Union, in other words Euro-unifying capital, is seeking joint and coordinated participation in the International Monetary Fund, so as to increase its share of influence and profitability, not to change its policy, given that it is promoting a similar policy through capitalist restructurings and the Lisbon Strategy, by commercialising basic grass-roots needs. The proposed administrative changes are nothing more than make-up which tries to conceal the truth. Only the fights of the peoples against imperialism and its institutions, against the choices of capital, can bring about changes on the basis of equal relations and mutual benefit, in order to achieve development which will guarantee grass-roots prosperity."@en1

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