Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-183-000"

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"Mr President, it is the case that homes are typically designed by people with higher education, but are typically built by people who barely have secondary education. What is more, if, during the construction of a home, there happens to be a building worker who is either foolish or dishonest, and does not pour the necessary amount of concrete into the foundations as called for in the design, then the home will be crooked. In the case of the eurozone, the foundations, the stability foundations, were laid with the Stability and Growth Pact. Unfortunately it has come to pass that various Member States – perhaps like lazy or careless building workers – did not adhere to the stability pact and created excessively large government debts, budget deficits. When the world economic crisis came about, this eurozone house began to totter. If the eurozone were a house, then logically, we should have to set to work again and lay new foundations. In this case we have a completed economic governance package, which we should approve, in the way of reinforced foundations, so that in the future, when the next storm comes along, the eurozone cannot totter. In addition, if we want to have some idea of what this tottering looks like, we need only look at events in Greece. Ladies and gentlemen, we need to avoid the situation where in the future our house could totter once more, and the solution is to approve the economic government package. Thank you for your attention."@en1
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