Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-24-Speech-3-077"

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"en.20100324.12.3-077"2
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"The seriousness of the social problems that are being experienced in various EU Member States, including unemployment, lack of job security and poverty, make it vital that the spring European Council gives a serious and thorough response. However, we fear that its responses are aimed mainly at the supposed sustainability of public finances, while neglecting measures aimed at social sustainability. The response to the situation in Greece is an important matter, especially because what is happening there contradicts everything that was trumpeted about the virtues of the euro and the blessings of being in the euro area: being in the vanguard of the strong currency of rich countries. It was said that being in the euro area would be a safeguard against financial crises, as the country in question would be able to avoid loans and receive money from the International Monetary Fund (IMF). The initial crisis was enough to show that there is no real solidarity within the euro area and that so-called ‘economic and social cohesion’ is nothing more than propaganda used in electoral campaigns. Now Mrs Merkel is even threatening that Member States which do not fulfil the requirements of the Stability Pact, such as Greece, amongst others, will be expelled from the euro area, forgetting that Germany has been and is the major beneficiary of policies based on a strong euro…"@en1
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