Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-09-Speech-3-170-000"

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"Mr President, the report claims that the Arab Spring is the greatest political transformation in the European neighbourhood since the fall of the Berlin Wall. This reminds me of Zhou Enlai, the famous former Chinese Prime Minister, when he was asked for his assessment of the French Revolution. He is said to have answered: ‘It is too early to tell’. Democracy may have taken root in Tunisia; there is more openness in Morocco; there are encouraging signs in Jordan. But what about Bahrain? What about Yemen? What about Egypt? What about Libya? It would be better to use slightly more cautious language. The report also claims that trade is an effective means of consolidating democracy and promoting stability. Well, trade in itself is not an effective means of promoting democracy. It is important – no question about it, and we promote free trade – but trade alone can help dictatorships as well. Trade does not necessarily lead to democracy. We need trade to be supplemented with institutions, the rule of law, constitutionality, equal opportunities and support for small and medium-sized enterprises in order to channel the fruits of trade to a wider segment of society. For democracy to take root, there is a need for a middle class, which, in turn, can only flourish on broad-based economic growth – something which trade alone cannot guarantee. The report also calls for the reconsideration of odious debt. I am only familiar with big debt and small debt, but not odious debt. I remember very well when the Berlin Wall fell. No western state, no western country wanted to forgive Communist debt, no matter how odious it must have been, so why do you not call on the Italian state to take over all the debt? If Mario Monti were to agree to that, then your claim would be credible."@en1
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