Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-11-Speech-1-133-000"
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"en.20120611.21.1-133-000"2
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"Madam President, this weekend, we received another request to save a private bank. Once again, they argue that this is to prevent contagion of the euro area. I ask if we have learnt nothing. Greece, Portugal, Ireland and now Spain and still the contagion spreads. What is the containment radius of this contagion that will destroy us? It must already be clear that this policy does not work. The same government leaders who say there is no money for culture, education, health and public goods make money appear as if by magic when the banks or markets ask for it. This economic policy is not a cure; it is toxic for growth, for jobs, for the European economy and for social Europe. The markets demand and the governments obey and blackmail the poor, as governments are doing with Greece at the moment, during an election.
I sincerely hope that, for the good of us all, the Greek people do not allow themselves to be blackmailed next Sunday and they teach us a lesson, because this recipe, Madam President, is a recipe for disaster."@en1
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