Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-05-Speech-3-557"
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"en.20100505.77.3-557"2
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"Mr President, the attacks of financial speculators on the euro area’s most vulnerable and dependent economies are getting worse. It is the same financial capital that has received trillions of euros from the Member States that is now speculating on the fragility of the public accounts created by these transfers and by the economic dependency of the peripheral economies. This dependency is caused by a monetary and exchange policy driven by the European Central Bank that is, with its sham independence, in the service of big capital and the major European powers, and is worsened by the liberalisation of the markets and by free competition in international trade.
Against this backdrop, the Member States and the European Union have just made it quite clear what European solidarity means: sweeping the continued looting of financial capital under the carpet and, if necessary, transferring the costs of the theft onto the workers and ordinary people through measures of true social terrorism. However, workers and ordinary people will not be forced down the route that they are being told is inevitable, but is not. Their struggle is there to demonstrate this. We here salute the courage and determination of those in Greece, in Portugal and in several other countries."@en1
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