Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-596-000"

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"en.20110511.35.3-596-000"2
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"Mr President, it is a rotten lie that the economic crisis is a crisis caused by debt. It is a crisis caused by the over-accumulation of capital, a crisis of the capitalist system which illustrates that it is an out-dated system that has been overtaken by events. The capitalist crisis in Greece, Ireland and Portugal is getting worse and will continue. The debt and deficit in these countries are not national peculiarities; they are the effect, not the cause. They stem from an extensive reliance on big business: subsidies and tax relief for the monopolies, NATO spending, the destruction of industrial production and the mining, manufacturing, textile and ship-building and repair industries, the severe undermining of agricultural production and the billions of euro for large business groups. The basic reason for this attack by the European Union, the bourgeois governments and capital on the income and rights of the working classes, the main weapon in which is in the agreement on the euro and the European stability – for which read controlled bankruptcy – mechanism, goes beyond capitalist management of the crisis and the debt. The strategic objective of the European Union, of the bourgeois governments and of capital is not only to shift the burden of the crisis on to the workers, but to pare the workforce down to a minimum, in order to safeguard the profit margins of the monopoly groups. Today’s awe-inspiring general strike in Greece will send a strong fighting message …"@en1
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