Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-036-000"
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"en.20110914.3.3-036-000"2
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"Mr President, the only conclusion we can draw from this is that, structurally, the EU is becoming a transfer union, where the taxpayers of the northern countries are having to foot the bill of countries that are playing fast and loose with their budgetary discipline. In other words, the EU is evolving into a larger version of Belgium, which is a far from appealing thought. We have also seen evidence that the successive bailouts are failing to get us anywhere with a country like Greece.
There are, therefore, two things we could do: rush into another radical plan, as the de Verhofstadts of this Parliament would like us to do, with a kind of super-state government, with European taxes and Eurobonds, thus constructing a European public debt on top of the national public debts. Well, there is no democratic support for that. Such plans would immediately, and rightly, be rejected by the voters, if given a chance. We could also seek realistic solutions, such as showing Greece the door, as far as the euro area is concerned. That would be the best option in the long term, both for Greece itself and for the euro area. The longer we wait, the more money it will cost and the bigger the problems will be."@en1
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