Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-054-000"
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"en.20120215.4.3-054-000"2
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"Mr President, I believe that the forthcoming summit will at last bring some results, because the fiscal compact in itself will certainly not lead the European Union out of the crisis. Cuts will take us into recession, and the economic slump will make it even harder to repay debts and their burden will keep growing. The need to kick start employment growth is still underestimated. Whereas austerity measures are slowly becoming law, there are still only general calls for a growth and employment initiative. From a European perspective, such steps are extremely unfortunate. The growth initiative is weak. The fiscal compact is being adopted outside the European Treaties and has exemptions, and the role of Parliament – that is, us – in the negotiations on these matters is reduced to the absolute minimum. Europe must remain united and stick to democratic principles and existing legal frameworks. We must look for resources that can be sensibly invested in economic recovery."@en1
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