Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-06-Speech-2-054"

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"en.20100706.4.2-054"2
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"Regrettably, the Spanish Presidency did not seek answers to the serious problems that the European Union is experiencing. Furthermore, during this time, unacceptable measures were taken which demonstrate a lack of solidarity. Moreover, what they did in relation to the sovereign debt is very serious. In fact, the Presidency awaited Germany’s decisions and allowed the problem to drag on, with serious consequences for Greece and Portugal, and for Spain itself. This also proves who holds power in the European Union after all. The list of the greatest powers is becoming increasingly limited to Germany and, at best, France. The slow solutions were subsequently of poor quality. Instead of encouraging solidarity among the richest countries, and increasing Community budgets for actions of solidarity to ensure real social and economic cohesion, the Spanish Presidency turned to the International Monetary Fund and lent money to Greece at a higher rate of interest than the European Central Bank levies upon private banks. To make matters worse, they imposed unacceptable conditions, which made the cost of the crisis, which the EU helped to create, fall upon the workers and the poorest members of society, merely to favour the profits of economic and financial groups. The approval of the Europe 2020 strategy will mean taking the same approach."@en1

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