Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-24-Speech-3-078"
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"en.20101124.6.3-078"2
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"The European Council meeting of 28-29 October 2010 took a new step towards subjugating countries and stripping them of their sovereignty. First of all, through pseudo-economic governance, which really means taking control of their economies: forcing Member States to have their budget pre-approved by Brussels officials; supervising all of their economic policies; establishing automatic preventive sanctions, even before the authorised limits for debts and deficits have been exceeded; being able to suspend the guilty Member State’s voting rights. All of this is granted as compensation to Germany for perpetuating the financial stabilisation fund. However, that mechanism merely constitutes the right of Member States and the EU Commission to get into debt, or to provide borrowing guarantees on the markets, in favour of Member States in difficulty, because they are victims of market speculation against their national debt. And what is more, because they belong to the euro area. It is beyond belief. Furthermore, the European Council has also decided on a reform of the treaties in order to implement the crisis management mechanism. The simplified revision procedure is going to be used for the first time: that anti-democratic method which makes no provision for parliamentary debate. This is not governance; it is totalitarianism."@en1
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