Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-175-000"
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"en.20110606.20.1-175-000"2
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"Madam President, indifferent to the economic and social devastation caused by the structural changes approved by the International Monetary Fund (IMF) in countries like Greece, the leaders of the European Union are now stepping up their offensive and launching themselves on Portugal with the same approach and unbridled colonial arrogance. In exchange for a EUR 78 billion loan, a country where the minimum wage is not even EUR 500 will face cuts in wages and pensions, and the closure of public services, as well as being forced to give up national companies and resources. It also faces an increase in the prices of essential goods and services, and EUR 30 billion in interest, which equates to around 40% of the total loan. More than two-thirds of this interest will go to the European Union itself. This is the meaning of the much-vaunted European solidarity.
Persisting in this course of action will inevitably lead to an intensification of the social struggle which has been raging throughout Europe, including Portugal. We are, and will continue to be, here to support and encourage it, certain that only through such struggle can change be instigated, and an alternative that is needed increasingly urgently put in place in Europe."@en1
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