Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-382-000"
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"en.20120418.21.3-382-000"2
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"Mr President, each of the Commission’s statements sounds like the last. More jobs, more growth, more internal trade; this sounds good but, ultimately, these are empty words, repeated
for the past five years in all Commission communications without ever having been acted upon.
The Merkozy decision makers have, at the end of the day, only one recipe: fiscal consolidation through austerity. All the leading economists – Paul Krugman, Joseph Stiglitz, Wolfgang Münchau, Thomas Piketty – tell us that the EU is currently drawing the wrong lessons from the crisis, that it has committed to – and I quote – ‘an absurd race to the bottom in social terms, towards austerity policies which shatter growth and ultimately towards the temptation to go it alone’. I have just cited the group of economists led by Philippe Aghion of Harvard.
The gravity of the situation calls for immediate action. Instead of dreaming about sustainable development, we should be fighting for strong growth. Thus, to revive the Greek economy, we must immediately recapitalise Greek banks. We must implement as quickly as possible the 78 projects identified by the task force which can be financed from the Structural Funds. We must finally decide to increase the European Investment Bank’s capital. We must launch project bonds. We must encourage Member States who have sufficient means to revive their economies and thereby, the European economy. Growth, growth, and more growth is all that matters!"@en1
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