Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-02-09-Speech-2-229"
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"en.20100209.13.2-229"2
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"Madam President, what is the future of the euro in the light of the problems in Greece and, for that matter, Spain, Italy, Portugal and Ireland? It must be of some reassurance to the UK that we never joined the euro. It seems promises of strength through solidarity could not be further from the truth.
The problem for the 16 nations in the eurozone is who pulls the purse strings. With little fiscal coordination and no treasury, membership of the euro is by no means an elixir for good economic health. It turns out that, when all turns sour, no one will bail you out. Instead, they take the opportunity to seize greater control while you are on your knees. We must wait to see how Greece will react to becoming an economic protectorate of the European Union and whether it will bring civil unrest. Is this really the European dream? Who is next, Spain, Portugal, Italy or Ireland? Perhaps Member States, and especially the eurozone states, should think long and hard about the here and now before turning attention to talks on economic policy post-2020, when there might not even be a euro to protect.
Mr Barroso this morning talked about the European dream: for the good people of Greece, it has become the European nightmare."@en1
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