Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-07-Speech-3-030"

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"en.20100407.4.3-030"2
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"Mr President, the value of the decision by the European Council which we are debating was seen yesterday: following a statement by an unnamed member of the Greek Government, a news agency stated that Greece did not want any involvement on the part of the International Monetary Fund. A new orgy of speculation, with borrowing rates hitting historic highs. The plan failed. The markets you refer to prefer the International Monetary Fund as the supervisor of Greece and other European economies. With this decision, you are making the International Monetary Fund the guardian of the European Union, the guardian of the eurozone. By deciding to involve the International Monetary Fund illegally – and which Treaty and which article makes provision for it to be involved in internal matters? – you are imposing a stricter Stability Pact at the expense of the weaker economies and weaker social groups. What solidarity mechanism was set up, given that a mechanism for coercion and pressure was already in the offing? Apart from Greece, Spain and Portugal are taking harsh anti-grassroots measures so as to avoid the same fate and, as a result of this, poverty is increasing, unemployment is increasing, growth is slowing and the recession is getting worse. Social dumping has become the only competitive tool in the European Union. This is not the Europe of solidarity and cohesion."@en1
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