Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-14-Speech-3-220-000"
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"en.20120314.22.3-220-000"2
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"Mr President, there was some rather ugly Schadenfreude in this Chamber following the collapse of the Icelandic Banks. A number of federalist colleagues, British and continental, were coming up to me saying, ‘Ah, Hannan, how are your Icelanders doing now. This is what happens to you if you remain standoffish about Europe’.
Well, who is laughing now? Iceland, having devalued because it was not in the euro, has exported its way to growth and enjoys a rate of growth which is the envy of the eurozone stricken economies and, because it did not make this terrible mistake of assuming the bad debts of private institutions, it will begin, once this Icesave dispute is cleared, with a debt-to-GDP ratio which is the envy of Europe. 67% of Icelanders in the last poll are now against EU membership because they understand what it would mean: their resources plundered, their seas emptied, their democracy vitiated, the oldest parliament in the world turned into a local authority chamber.
Icelanders are a shrewd and canny people with wisdom bred in the bone by hundreds of years of struggling in difficult conditions. They know far better than to throw away their freedom."@en1
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