Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-613-000"
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"en.20110511.35.3-613-000"2
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"Owing to its scale and the associated constraints, the debt issue is more than just a real problem for countries like Portugal: it constitutes a central element of the violent social, economic, political and ideological offensive under way, the true causes of which are obscured. The most recent expression of this offensive is the unlawful intervention in Portugal by the
’ of the International Monetary Fund, the European Commission and the European Central Bank. This is an intolerable extortion of national resources from the Portuguese workers and people into the pockets of financial capital. The EU – thereby revealing its nature and true objectives – mediates this extortion process, whilst creating the institutional conditions for it to be implemented and deepened. The process of foreign intervention under way is very revealing of this. It incorporates the fundamentals of the antisocial measures implemented in other countries, like Greece and Ireland, as well as those included in the ‘Euro Plus Pact’ imposed by the European powers. When it comes into effect, it will exacerbate the national situation, worsening the economic recession, unemployment, poverty, social inequality and national dependence. When it is implemented, this veritable submission programme will, as demonstrated by the situation in other countries, exacerbate the conditions that supposedly motivated this intervention: in other words, the difficulties in tackling the unbearable and growing costs of the public debt."@en1
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