Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-017-000"

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"en.20110405.3.2-017-000"2
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"Mr Barroso, you will get your way. There will be a permanent support fund for the euro, a fund that will support Member States that have plundered their national exchequers and that will transfer the risks to those Member States that keep their own houses in order. Most economists agree with us that this fund will not rescue the euro any more than the arrangements under the Stability and Growth Pact were able to. It is a soft agreement that rewards weak and fraudulent Member States with easy credit. Where will that money come from? How is the fund to be made up? On paper, every Member State will contribute to the fund, including Ireland, Greece and Portugal. Yet these countries do not have any money. What it comes down to is that those Member States that have kept their own houses in order will end up paying. Dutch citizens will end up picking up the tab for weak Member States such as Greece and Portugal – your country, Mr Barroso – and that, Mr President, is unacceptable. That is not solidarity, it is rewarding the bad behaviour of a number of weak Member States at the expense of hard-working Dutch, German and Belgian citizens. The euro cannot be rescued in this way. Instead, these countries should be removed from it. Greece must get the drachma back and Portugal must re-introduce the escudo. Some countries must accept that they will have to leave the euro area and they have themselves entirely to blame for that."@en1
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