Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-278-375"

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"− Our approach is cowardly and we are too paralysed to act. We are mesmerised by the ‘financial markets’ like a rabbit by a snake. We are allowing the ‘markets’ to dictate our actions, without understanding that these are imaginary giants which have acquired their power from us. They have borrowed it from the legislators who have not taken their duties seriously or been brave enough to fulfil their obligations to regulate the monetary and financial system effectively by enacting appropriate laws. All the measures are intended to ‘regain the confidence of the markets’. At the same time, we are gambling away something much more important: the confidence of the citizens, whose money we are pouring into a bottomless pit, while constantly making new promises, whom we are bleeding dry to allow multinational speculators to make exorbitant profits and whom we regularly pass over in the course of making all of these decisions. Behind the backs of the citizens and without a fundamental, open public debate, we are making major changes in course which will have dramatic consequences for decades to come for every individual person. The citizens are being downgraded to the status of powerless observers. This situation will inevitably have consequences. We are fostering a culture of anger, frustration and disillusionment with politics and with Europe, which is undermining our society. This is why I find decisions like this one increasingly difficult. It is not because I have no opinion on the subject. I have a clear position, but that is not the benchmark. Instead, we should be considering what the citizens of Europe want and we should finally ask them."@en1

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