Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-045-000"
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"en.20111201.3.4-045-000"2
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"Mr President, today’s debate is not the only one to revolve around the issue of whether the single currency can be saved by a change to the Treaty of Lisbon, closer fiscal coordination, the dependence or independence of the European Central Bank, a European Minister for Finance or the European Monetary Fund. In my opinion, the question should be asked in more general – and also far more serious – terms. Is this a euro crisis or a debt crisis? In this context, we should consider whether debts are a cause or a consequence of the current situation, and whether the crisis is about debts arising over the past few years or debts that are the consequence of European development over many decades. In this case, I believe there is no need to regard the current difficulties of the euro as a euro crisis, because the current difficulties merely revealed the profound structural problems of part of the European area. The call for Member States to follow a more fiscally responsible policy is therefore correct. Nevertheless, we are faced with the question here of whether there will be a change in the behaviour of people accustomed to the very high standards of the European social state or the European welfare state. Unless we have the courage to make significant reforms, and to transform the social welfare state, thus getting rid of high budgetary costs, then it will be very difficult to get out of the current difficulties."@en1
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