Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-19-Speech-4-156-000"
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"en.20120119.24.4-156-000"2
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"Mr President, I have often felt that this Chamber is out of touch with reality, but observing its reaction to the recent downgrades, I began to feel that lack of touch was toppling into clinical neurosis.
We have seen the downgrading not only of our sovereign countries that make up the eurozone, but of the fund that is supposed to pay for all the bail-outs – and the reaction in this Chamber, as in the palaces and chanceries of Europe, is to try to turn off the volume, to stick fingers in ears, and to pretend that if the ratings agencies do not report what is happening, then there is not really a problem. We had Mr Brok claiming, in an interview in
that it was all a wicked Anglo-Saxon plot against the euro, that the ratings agencies are not interested in making money, and that they are trying to drive the euro to destruction.
My friends, there is no alternative to tackling the underlying problem. You cannot improve the weather by turning down the weather forecast. As my countryman Louis MacNeice put it, ‘The glass is falling hour by hour, the glass will fall for ever,/ But if you break the bloody glass, you can’t hold up the weather’."@en1
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