Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-085-500"
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"en.20111116.5.3-085-500"2
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"The anniversary of the fall of communism in Eastern Europe is also a good opportunity to remind the whole of Europe that socialist economic planning does not work. It creates an illusion of prosperity which has to end one day. The Slovaks have lived through this. The opening up of the market showed us how inefficient a planned economy is. The majority of enterprises were unable to survive in a competitive environment. The result was a 23% drop in Slovakia’s GDP from 1991 to 1993. In 1993, every fifth family and every fourth child were living on the poverty line. But there was no other way.
This has to be acknowledged even by those who today want to avoid the painful but necessary measures that are needed to save the European economy. On 17 November, the Slovaks and Czechs took a courageous route. They turned their backs on the certainties of socialism, which had become unsustainable. The freely-elected politicians had the courage to tell the unpalatable truth and take painful, but necessary, measures. That is just what the EU needs today – the courage to venture into the unknown. Three bail-out funds and a two-speed Europe, however, give rise to fear and anxiety."@en1
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