Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-515-000"
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"en.20120313.21.2-515-000"2
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"Would the Commission agree that what we need now is cash flow and confidence and that cash flow is being taken account of in those countries where proper austerity plans have been put in place?
Confidence will come through those austerity plans and also through stimulus. Is it not time for stimulus? I completely support what has been said about completing the internal market and I welcome what Commissioner Barnier has said about the social market economy, but where is the ‘social’ in this social market economy?
Ireland had a debt/GNP ratio of about 25%. It should be, having met our liabilities, about 85%. Instead, it is heading for 119% because we have taken on responsibilities to other investors from other Member States.
Is it not time, when people are meeting their austerity obligations, that the Union diverted its own resources or found new resources or borrowings to start stimulating the economy?
It used to be that people hated the initials IMF. Now the term EU is being used as a term of abuse. Wake up! We need that stimulus and I ask the Commission, would they agree that it is time for that to happen?"@en1
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