Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-553-000"
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"en.20120418.26.3-553-000"2
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"Mr President, the creation of a risk sharing instrument to enable the full take-up of regional funds through private-matched funding is not objectionable in its purposes. But the fact that the Commission has had to resort to the creation of such a facility to underwrite loans from the private sector further demonstrates that the approach to the financial crisis in the euro area is simply not working.
This is yet another example of the Commission seeking to equip themselves with a legal tool to fight a particular battle while the war still rages because the bigger issues are not being addressed.
Ardent pursuance of homogenised policy making reflecting European ideology places a stranglehold on growth and is responsible for the ongoing euro crisis. The risk sharing instrument enables the Commission to blindly pursue European ideals through regional funding that may or may not reflect the best interests of the Member State concerned, while continuing to live in denial, since it is actually the absurdity of the whole European project that is creating this mess in the first place."@en1
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