Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-017-000"
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"en.20120313.6.2-017-000"2
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"Mr President, I did not intend to get involved in this debate but, Mr Audy, we need to take a serious approach. When I hear it said that half of immigrants should leave France, as President Sarkozy has said, and when I see him attacking halal meat and, at the same time, attacking other partners in relation to Schengen, I wonder who is really the extreme right candidate. Is it Ms Le Pen or Mr Sarkozy?
I really do wonder. When I see the way this election campaign is going, I tell myself that we have never seen this sort of thing in any other country.
The problem at the moment is that there is a French President in office using this sort of language.
So let me return to the debate we were having before Mr Audy intervened. First of all, I would like to congratulate President Van Rompuy. European Councils come and go and I feel that I note a terrible complacency. Do we really believe, as was said, that we have reached a turning point in the crisis? Do we really believe that the efforts of Mr Monti and Mr Rajoy will suffice to put an end to the crisis, that the fiscal compact will put an end to the mess, and that it is sufficient to merge the two rescue funds with EUR 750 billion? Do you really think that will end the crisis?
I think that what is happening for the moment is completely different. What is happening for the moment is that we are seeing a calming down of the bond markets because Mr Draghi has bought us time. He has printed EUR 1 trillion worth of new money. That is what Mr Draghi has done and that is what we are feeling today: the effect of printing new money – EUR 1 trillion.
I do not think that that is a real structural solution to this crisis. It could work for a few months or a few weeks, but it will not be a structural solution to this crisis. In fact, we all know what the structural solution for this crisis is. We all know that we need a partial mutualisation of the debt. I was at the US Treasury in Washington and they said that we should do this – create our redemption fund, a structural solution for it. The same thing at the International Monetary Fund. I think that everywhere, they can see the light. It is only in Europe that we do not see the light. We know what it is. It is to mutualise debt above 60% so that everybody pays lower interest rates, including Germany. This is in compliance with the constitutional law in Germany, it is compliant with the international and European treaties, and it is a fund of EUR 2.3 trillion. That is the real firewall.
You talk all the time about a firewall, but there is no firewall even if you merge the two rescue funds. That is a fire extinguisher, not a firewall. It is there if you need it when there is a problem – a crisis in Greece, in Portugal, in Ireland – but not a real firewall around the big economies like Spain and Italy. For that, you need a real redemption fund. And I can assure Mr Van Rompuy and Mr Barroso that I think there is a clear majority on this in this Parliament: we shall not adopt any new legislation related to the euro crisis unless it contains such a proposal.
Finally, a few words on Syria. Yesterday, 47 bodies were found in Homs – the bodies of women and children, stabbed, burned, tortured – and Kofi Annan reports that they do not seem to really understand the reality in Damascus. I think the time is now right to do something. Let us stop all flights to Syria. Let us send back all Syrian ambassadors. Let us prevent all Assad’s friends from travelling and let us do what President Obama is doing, namely, looking into all options – humanitarian corridors, safe havens, assistance to the Free Syrian Army, be it technical or otherwise. But we have to do something and not what we are doing for the moment, which is nothing at all in this case. Otherwise, there is only one outcome – that is that Syria will become a new Srebrenica, a new Sudan, a new Rwanda – and we shall be complicit in that."@en1
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