Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-059-000"
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"en.20111213.5.2-059-000"2
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"Mr President, it was only to be expected that this debate would, for the umpteenth time, turn into a kind of therapy session for the federalist members of this Parliament.
There is definitely a system error in the euro area, and that system error lies in the fact that the socio-economic fabric of the Member States is too varied to enable the euro area to function in a sustainable and healthy way. This may be a depressing reality, but it is reality, nonetheless. We should therefore urgently do away with the taboo against advocating a smaller but stronger euro area.
If we, as a Parliament, still want to be taken seriously, we would do well to adopt realistic positions and abandon the systematic flight forward. The systematic steps towards Eurobonds and a central bank, a European Central bank that will do nothing but fan inflation. Collectivisation of debt, which is what the majority of this House wants, will entrench the problems in the longer term rather than resolve them. This will lead to a Belgian situation, a situation of total ungovernability."@en1
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