Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-133-000"
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"en.20110706.3.3-133-000"2
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"Mr President, if you – the Commission and the Council – continue to treat the metastasis, such as the deficit and the public debt, whilst ignoring the cancer of unemployment and macro-economic divergence in the euro area, you will allow the disease to kill the patient, if they do not die from the cure first. This is because your formula of austerity and punitive interest rates only feeds speculators and will never, on its own, enable Greece and the other Member States to start growing and creating wealth again, even in order to pay their debts.
The stronger and larger countries, which benefit from the euro area and the internal market, like Germany, could and should demonstrate solidarity, but instead they have simply been a hindrance, starting with their pathetically provocative declarations on speculators. The Berès report points the way to the ‘New Deal’ that will save Europe: Eurobonds, more economic governance, more own resources for the European Union and, above all, good political governance, in order to regulate the financial sector, and to punish and control tax havens. What are the Council and the Commission waiting for before obliging European banks to report the sums of Greek, Portuguese and Irish money that these banks have helped move to tax havens over the last three years?"@en1
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