Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-24-Speech-3-044"
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"en.20101124.4.3-044"2
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"Mr President, the crisis in the euro area is a fact. Testimony to the seriousness of the situation are the efforts which are even being made to change the provisions of the Treaty of Lisbon, which was adopted amid such great opposition. On the one hand, it is easy to understand the position of Germany and France, which do not want to pay for the crisis in Greece or Ireland and perhaps other countries. On the other hand, attention should be drawn to the precedent related to the entry into force of the Treaty of Lisbon. In principle, it was supposed to improve the operation of the European Union. Quite clearly, the exact opposite has happened.
Since, however, we are forced to amend the Treaty of Lisbon, this should concern not only issues related to the euro area, but also issues related to other institutional mechanisms which are experiencing difficulties. Many economists are saying that the Greek crisis would not exist on a European scale if Greece had retained its own currency, whose exchange rate would then have been reduced significantly. This shows that national currencies would have given the Union more stability than the euro area has done."@en1
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