Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-041"
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"en.20100707.6.3-041"2
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"Presidents, we are very fearful of the future of banking. The economy has transferred its toxic debts to finance; finance has passed the buck to the Member States, and the Member States are now turning to the citizens, who will have to pay, if they are able to.
Now, Mr Leterme, you know far better than I that Europe must now perform its historic duty; in other words, it must impose a Community approach on Europe’s national leaders in terms of common discipline, certainly, but also in terms of recovery and innovation. In this drama which is being played out before us, there is no longer any national way out of the global crisis.
Many European leaders – your colleagues – are watching the popularity ratings. At the moment, Europe’s leaders must look at history before history itself submerges us in the chaos of populism. Belgium is a country that was always strong on European patriotism; whether it is in a good or a bad state is immaterial. It is the will, discipline and objectivity of its leaders that will save us."@en1
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