Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-060-500"
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"en.20110914.3.3-060-500"2
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"The architects of the European Single Currency are to blame for the crisis that now faces the eurozone. The euro was never an economic project. It was a political project designed to help bring about a United States of Europe. Once of the vital attributes of a state is its currency and that is why the European Union forced through the introduction of the euro against all the sensible advice against it. You do not have to be an economist to know that to constrain a number of completely different economies within a single interest rate and exchange rate will, over time, bring nothing but problems and eventual disaster. That is what we are seeing now, and of course Mr Barroso is calling for full economic and financial governance of the eurozone countries by the European Union. The crisis was entirely predictable and so was Mr Barroso’s proposed solution. The euro is going to come apart. It is just a question of time. The longer it takes the worse the crash is going to be. The people to blame are those who forced the economies of the eurozone into an economic straightjacket in order to serve a political dogma."@en1
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