Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-068-000"

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"Mr President, my expectations for the forthcoming Council are rather low, because division reigns in the European Union: instead of decision there is hesitation, and instead of solidarity there is selfishness. That is how Europe is going. Let us look at the case of Greece. I am not going to talk about my own country, Portugal, because the new government has only just come to power. All I can do, therefore, is to wish it every success for the sakes both of the Portuguese and of Europe. Let us talk about Greece, then. Greece is not just any country. It has been a full Member of the European Union for decades, and it belongs to the Euro Group. It is important to remember that Greece was the cradle of democracy. These facts should be enough for Greece to be treated with greater respect by the European Union. The Greeks are responsible for the terrible situation that they are in, but so are the European institutions. Mr Papandreou, the Prime Minister, has done everything in his power to get out of this difficult situation. With enormous courage and dignity he has adopted the austerity measures, whether they are feasible or unfeasible. What is happening to Greece may one day apply to Ireland or Portugal, to Spain or Belgium, or to Italy or France. I have a question for the European institutions: how can countries in difficulties bear the scandalous interest rates imposed on them and at the same time reduce their budget deficit and public debt and promote economic growth and create jobs? Do you not think that with that kind of treatment these countries run the risk of dying not from the disease but from the cure? That is not the right path. What is needed is a concerted plan to defend the single currency, to fight off speculation on sovereign debts and to denounce the rating agencies, which are primarily to blame for the crisis we are undergoing."@en1
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