Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-064-000"
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"en.20110914.3.3-064-000"2
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".
In recent weeks, set after set of up-to-date figures have been providing an account of the recession or, at best, stagnation in the economies of the euro area. The bleak prospects of a few months ago now look even blacker. The crisis is deepening rapidly. In this situation, it is increasingly clear that the leaders of the EU are in a state of utter confusion. It is also increasingly clear that the EU institutions and the powers that have been driving the integration process have nothing to offer the people of Europe but a major backwards step for civilisation. Straining at the leash to push on blindly is the only approach that they know and suggest. This is a dangerous path, as it is based on going further with the ideas that have led us here. Their inability to solve this crisis is, in fact, structural. The crisis is simultaneously an expression of the uneven development of capitalism in the EU, namely the asymmetrical interdependence that relegates countries such as Portugal, Greece and Ireland to a subordinate position that is dependent on the process of capitalist integration, and also of the deregulation of capital markets and the financialisation of the economy, which have paved the way for all kinds of speculation and extortion. For this very reason, the crisis will not be solved by persisting with these two factors."@en1
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