Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-072-000"

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"Some people are saying that Greece’s exit would cure all of the euro area’s ills. However, they are mistaken. As well as having a domino effect, such an event would send a dramatic message to the entire world that the European Union is no longer capable of realising its own monetary unification project. Let us not give in to haste, nor to the prevailing demagogy. Withdrawal into oneself has always been a harmful concept. History has unfortunately proven this to us, and that is why we sought to create the European Union. There is only one remedy for the crisis, and that is the Community method. The Commission, the Member States and Parliament: we have all shown the will to get out of this together. Today, it is time for us to act in concert. We have pooled our currency, let us now establish a genuine economic government and bring our fiscal policies into line, as Germany and France are proposing. Above all, let us not lose sight of the fact that we are acting on behalf of the people of Europe. Consolidating our finances means long-term investment in research and innovation to generate growth and employment. We must explain this to our fellow citizens, who are observing the reforms under way and rightly wondering about their future."@en1

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