Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-401-000"

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"Mr President, ladies and gentlemen, German sales to China are worth EUR 50 billion, its sales to Italy are worth EUR 58 billion, while its sales to countries like Portugal, Greece, Spain and Ireland are worth EUR 54 billion. Therefore, I believe that there should be a deeply rooted feeling of interdependence underlying our situation. The European institutions are not showing the same sense of interdependence because at times, it seems clear that what others are doing is not taken into account when measures are introduced. The European Central Bank (ECB) has intervened with strong-arm tactics to refinance the banks, but there has been little care at government level, for example, to ensure that those funds were then passed on to businesses and families. So we should take note. Perhaps the intensive discussions taking place between the institutions and Parliament’s efforts to frustrate mutual could be useful for getting through this difficult time. It would look better than showing that the institutions are not there precisely when they are needed, like this afternoon."@en1
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