Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-08-Speech-2-494-000"

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"Madam President, two weeks ago, the international press analysed your declarations on the possibility that Portugal would turn to the European Financial Stability Facility (EFSF), and interpreted them as constituting, or having constituted, encouragement. As President Barroso is certainly the person in the Commission who best understands the reality of Portugal, I would put three questions to him for three frank answers. The first question is what does Portugal gain through recourse to the EFSF, and the International Monetary Fund, as it currently exists. The second question is what changes to the EFSF do you consider indispensable to prevent the repetition of the shameful situation that occurred in Ireland? A loan at prohibitive interest rates, with decreased salaries and continued fiscal dumping in terms of large companies. The third and final question is how do you think we will get back to a situation of trust when all monetary policy decisions – and the last obvious ones by the European Central Bank – continue to damage the most vulnerable countries by mortgaging growth?"@en1
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