Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-331"
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"en.20100616.24.3-331"2
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"I have voted against the joint motion for a resolution on economic policy coordination, because it draws the wrong conclusions from the current crisis. The crisis concerning the common currency is not the result of too few centralist rules. It has been caused by lumping together national economies which are completely different in terms of performance. It is simply not possible to have the same economic policy in Germany and Greece or Spain. However, this is exactly what the planned measures for economic policy coordination aim to achieve.
This will finally transform the EU into a transfer union. In other words, the economic performance of the strong national economies will be transferred to the weaker ones, but without resolving their structural problems. I object to this, because it will ultimately lead to the relatively healthy economies being ruined and, as a result, they will no longer be competitive on the global market. This will also destroy the European unification project, which surely cannot be what we want to achieve."@en1
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