Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-056-000"

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"Mr President, the two regulations on the table aim to give the Commission greater powers to scrutinise national budgets and economic policies. The rules will be stricter and failing Member States will have budget cuts and structural reforms forced on them by the Brussels technocrats to redress their financial balance. This stronger surveillance is called ‘bailing them out’. Member States will be punished or fined – given a caning, one might say. Financial penalties will be harsher and more automatic. Even though certain amendments are aimed at preventing there being nothing more than budgetary austerity by introducing growth measures, your proposals are only there to sugar the pill. You know as well as I do that growth cannot be created to order. We are losing our budgetary sovereignty and our freedom to choose our policies forever, with Parliament’s collusion, although the people have not been consulted. Once the European bureaucratic, technocratic and totalitarian state has gradually – imperceptibly – become fully established, we will have lost our freedom as a people once and for all."@en1
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