Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-222"

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"en.20100209.13.2-222"2
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"Madam President, numerous members have spoken about the help needed by Greece. This is the wrong message. Fruitless debate about aid is of no help. Greece obviously has huge financial problems, but it can deal with them. There is now broad consensus on that, both among political forces and, more importantly, among the Greek people. I also heard that the main problem for the euro is the speculators. When the euro was strengthened, what were the speculators then? Euro-philanthropists? We need to look at what we are doing wrong. Greek statistics are also being discussed. Let us not forget, however, that the statistics were also European. Did Eurostat, the European Commission and ECOFIN not know that the Greek debt could not get any bigger without a corresponding deficit? Did the debt, not just the Greek debt, ever drop consistently to 60%? In my opinion, the basic problem in the euro area is that its rules were applied mainly on the basis of political criteria and that those in control and those being controlled are one and the same. A second problem about which there is too little talk is the overall loss of competitiveness and the ever-widening competition divide between the North and the South. There is no euro area, there is no monetary zone with a widening competition divide between its members. It is a fatal long-term risk to the cohesion of the euro area and is a question which should certainly preoccupy us."@en1
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