Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-27-Speech-4-100-000"

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"en.20111027.6.4-100-000"2
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"Mr President, the big winner from these summits continues to be financial capital, with its offshore investments, tax havens, derivatives and speculative financial products, protected by the German directorate. The workers and peoples of our Member States, especially those of countries with weaker economies, are notable by their absence from the conclusions. Apparently, the banks are in favour of a 50% haircut on Greek debt; debt that they helped to boost with speculative interest rates. However, the money to pay for their recapitalisation will come from public funds. This is an act of veritable looting of the public purse, as this money is obtained by impoverishing the people, by cutting wages and benefits, by increasing working hours, by mass privatisations, and by clearing the way for big business and the financial sector to continue making their profits. That is why we support solidarity and the struggle of the workers, as in the case of the general strike that will take place in Portugal on 24 November."@en1
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