Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-084-500"
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"en.20110622.14.3-084-500"2
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"The dramatic effects of the so-called austerity measures are highly visible. As many people warned a year ago, the International Monetary Fund-European Union (IMF-EU) programme for Greece has not only caused economic disaster and social devastation, but it has proved incapable of fulfilling the very objectives that allegedly justified it: the deficit reduction targets have not been met, the country’s public debt must be around 170% at the moment and the interest rates that the markets require on the public debt have soared. Nonetheless, the European Council is preparing a fresh assault. In addition to the identically tailored IMF-EU programmes that they want to implement in Ireland and now Portugal, they are preparing to reinforce the attack on Greece, squeezing its people even further.
These are the latest steps in this process of interference and extortion, which is openly colonial in complexion. They intend to use economic governance to institutionalise and make permanent the interventionist policies and measures associated with current, ongoing examples of IMF-EU meddling. They want ‘cross-compliance’ to become permanent, as well as external control over national accounts and policies, which are closely supervised by the major EU powers. Infringement (or even a mere threat of infringement) of their dictates would result in heavy penalties. These are unacceptable developments that show how retrograde, reactionary and anti-democratic this European Union really is."@en1
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