Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-062"

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"en.20100519.3.3-062"2
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"The behaviour of the markets and of the banks is like a pack of wolves, as the Swedish Finance Minister called them, a pack of wolves ready to tear the economically weak countries apart. The first victim was Greece, followed by Spain and Portugal. In the case of Greece, we saw speculators hit it mercilessly, on the one hand, and Community solidarity which was very late coming and which came on very harsh terms, forcing the Greek people to make very unpleasant sacrifices and embark on justified strikes, on the other. It would appear that the protagonists of the international economic crisis are now the states, not the banks. We need to learn from this adversity. The European Union needs more Community solidarity, better supervision of the financial system, stronger national compliance with the Stability Pact, more coordinated financial policy and measures to prevent competitive imbalances. The people of Europe want a more humane Europe, with fewer inequalities between the Member States. The time has come for a more realistic and people friendly programme for the European Union of 2020 which listens to the challenges of the times."@en1
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