Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-086-000"
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"en.20120313.6.2-086-000"2
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"Mr President, this has been the first time for two years that the European Council was not occupied with putting out fires; however, the flames have not yet died down. Europe is not out of harm’s way just yet, because without economic growth, we will be unable to break free from our debt spiral. A wide range of topics were discussed, including the development of the internal market and the urgent introduction of Eurobonds; however, I am convinced that, in addition, we also need a comprehensive EU growth programme and an EU development package to promote job creation. On the other hand, we are faced with a fundamental structural problem as regards the functioning of the euro. It has become apparent that, as a common currency, the euro is incapable of handling the economies of countries at different levels of competitiveness. The economic difficulties of Greece, Ireland, Spain and Portugal, and their being on the verge of state bankruptcy, are not just the fault of their respective governments but also an indication of the common failure of the euro. The euro must therefore undergo fundamental reform."@en1
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