Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-05-19-Speech-3-085"

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"en.20100519.3.3-085"2
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"Little more than a decade after the creation of the euro, the warnings that we made at the time are being borne out. The integration of economies at very different stages of development, with nominal convergence criteria, and individual monetary and exchange rate policies – all done to meet the needs of the great powers – has made the divergence crisis in the EU worse, leading to a situation whereby the peripheral economies are being called into question. Faced with the crisis that they created, speculative financial capital’s decision-making centres – as well as their institutional extensions in the EU’s institutions and in governments – have just launched a new and different attack on the people and workers of Europe. The lords of the EU have decided to usurp the budgetary powers of the Member States and they have done this not in the name of solidarity, which is a concept that is increasingly alien to them, but in the name of the stability that the great powers demand for the euro; this is an intolerable affront to democracy and the sovereignty of the peoples. This affront is accompanied by measures that are pure social terrorism, to which the national governments have meekly submitted. The response to the so-called ‘European economic government’ and to the increasingly antidemocratic nature of the integration process under way is being given by struggling workers all over Europe. The necessary change will grow out of this struggle and its drive towards progress."@en1

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