Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-068"

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"en.20101020.3.3-068"2
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"Mr President, the Berès report on the economic crisis, which is the subject of one of our debates today, notes in paragraph 32 that some Member States, obviously implying my country, Greece, do not currently have opportunities to create real recovery plans and that all the options until the year 2012 are limited to public expenditure cuts, tax increases and debt reduction. This position is of huge significance to Greece, and others, because there are forces within the country which are arguing the very opposite. I personally would like to support this position in the Berès report, as countries which have a huge deficit and debt and, in particular, countries which no longer have access to the international capital market, must reduce their deficits before recovery can take hold. There is no other way. Without deficit reduction, there can be no access to international markets. Without access to international markets, there can be no recovery. It is a bitter pill to swallow, especially for the citizens, but we must have the courage to tell the citizens the truth."@en1
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