Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-416-000"
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"en.20120522.18.2-416-000"2
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"Mr President, almost four years have passed since the start of the crisis in the euro area and it is now clear that the recipe of unilateral austerity imposed on the weak countries by the overwhelming majority in the Council is a recipe for disaster.
My country, Greece, has experienced and continues to experience this with drastic results. This policy has sunk the country into depression, thereby preventing any prospects of growth. Every forecast has turned out to be wrong. The forecast for the first half of 2012 was 5%; ultimately, the recession looks like exceeding 6%, meaning that the programme will have to be readjusted.
If the Union cannot propose measures for growth to combat the recession and create jobs, the death spiral that countries other than Greece have entered will continue.
In Greece, every family has one unemployed person. If that person is over 50 years old, his chances of finding work are almost zero. The absence of any growth package in the programme for Greece is paralysing an entire nation and paving the way for extremist, anti-European voices. The time has come for specific, individualised growth programmes to reverse the situation. We all bear a huge responsibility."@en1
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