Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-468-000"
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"en.20120214.21.2-468-000"2
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".
Instead of helping Greece from the start by having it exit the euro and achieve rapid consolidation through a European Marshall Plan, a vicious circle of debt, recession and hunger for credit was created, attempting to relegate Greece to the status of a permanent recipient of financial aid. Many before have lost house and home playing that game. At EU level there is much more at stake. Here, whole states and the debt burden of future generations are on the line. Yet, while casinos have the ability to bar people, Brussels wants to open the doors wider to gambling addicts. Eurobonds are nothing more than a public invitation to raise fiscal policy sloppiness and the communitarisation of debt to a new level. Of course, the bankrupt states in the euro would rather tap the financial power of the net contributor states – thus in particular Germany, the Netherlands and Austria – than to bring their own budgets into order. When, in the casino of European sovereign debts, the alarm is ringing, it is not acceptable that we should then simply use Eurobonds to switch off the flashing lights and allow the crisis-hit countries to assume even more debts than they could ever repay. The further communitarisation of debts through Eurobonds must be vigorously rejected. Instead, the EU should take new paths such as a European hard currency union."@en1
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