Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-378-000"

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"Mr President, ladies and gentlemen, I believe that we must put an end to a few of the fairytales that are often told here. Fairytale number 1: austerity policies are cold and heartless and push people into social exclusion. That is not true. Austerity policies involve creating opportunities, so that future generations have the chance to do the jobs that they need to do. While the policy in some areas is sustainable, what has repeatedly been said here about financial policy is not sustainable at all. Fairytale number 2: eurobonds are the solution to all our problems. In fact, eurobonds are a sweet-tasting poison. They provide those people with money under favourable terms who can no longer obtain it elsewhere under favourable terms, so that they can run up even more debts. This is why we must categorically reject eurobonds. Fairytale number 3: all our problems will be solved by a debt redemption fund. Just to make it clear what we are talking about, a debt redemption fund means that the Member States generate surpluses so that they can make use of the fund. During the repayment period, they cannot accumulate any new debts, otherwise the whole system will cease to function. We need to look more closely at the truth and the reality before we start calling for model solutions. For this reason, the only possibility for offering people lasting future prospects and for defending the European social model on an ongoing basis in competition with other economic areas is to increase our competitiveness. We will not do this by relying more heavily on the state. Instead, we need to give companies the opportunity to invest money, for example, by selling building plots where people know that what they build on the plot will belong to them, as an illustration of the problem in Greece, and where they know that the state will not constantly be intervening with non-tariff trade barriers to limit their growth, as an illustration of the problem in France. We can only increase our competitiveness by overcoming the challenges on global markets and Germany is a good example of this."@en1
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