Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-045"
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"en.20100325.3.4-045"2
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"Mr President, ladies and gentlemen, I have read the reports with some surprise, and the speeches I have heard this morning only strengthen my beliefs.
With a few exceptions, it is still a matter of budget restrictions, containing inflation, and the Stability and Growth Pact, even though 20 of the 27 countries no longer meet all the criteria.
It is true that many are demanding economic governance. However, we want a political Europe that ensures control of both its economic and its social choices and that is able to intervene with regard to monetary choices.
The Greek crisis is telling: it is Germany that has control and is imposing its demands. In the United States, the central bank has just intervened directly to finance the state budget by buying treasury bonds. In Europe, the European Central Bank flew to the banks’ assistance, but in terms of Greece and more generally of the PIGS, it is still the same ones who have to pay, in other words, employees, civil servants and pensioners, even though their countries have also been victims of financial speculation.
It is not minor reforms that we need, but a different Europe, an economic and social Europe for the benefit of the majority, not just of a few."@en1
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