Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-01-Speech-3-055-000"

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"Mr President, the summit could be seen as a positive summit for development and job creation, but only at the theoretical level. Four years after the start of the crisis, there is still no definite exit strategy for Europe as a whole. The stability pact, as we all know, was not really necessary at the legal level, but was obviously needed as a lesson in discipline and/or as a threat to those who deviate from the rules. We should therefore accept that this is the solution, as all the other potential solutions will be worse for the strong Member States of the Union. The recession alone will not throw up a solution to the problem in any country, especially not mine. Fiscal prudence and the austerity programme are absolutely necessary but, without growth, they are a no-win policy that will have disastrous consequences both on the countries to which they are applied and to Europe as a whole."@en1
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