Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-035-000"
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"en.20110914.3.3-035-000"2
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"Mr President, from the outset we thought that the agreement reached by the euro area summit on 21 July 2011 was fragile and temporary. It does not only concern Greece. It is not just that there are conflicting fiscal policies in the euro area. The risk of a possible new agreement within the framework of the European Union on the debt of its Member States looms large before the people; we are facing the possibility of a new international economic crisis before real recovery sets in, a new round of destruction of productive forces, at an incalculable cost to the working and grassroots classes.
The controlled bankruptcy of Greece, the depreciation of capital that it plans for banks and other parties holding government bonds, now appears tiny compared with what is needed in order to get the capitalist machine rolling again. It will be as difficult for the governments of the European Union to agree on which monopolies and which of their funds will be destroyed and which will stand to gain as it is easy for them to agree to shatter labour and grassroots rights. What the European Union – capital and the bourgeois governments – agree on is the uncontrolled bankruptcy of the people, by shattering labour and grassroots rights ….."@en1
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