Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-167-000"

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"en.20120613.24.3-167-000"2
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"Madam President, doing the right thing at the wrong time is wrong too. The rules that are being proposed here should have been passed at least 15 years ago for there to be any point to them. It is clear that they are no longer of any use today. It is too late for Greece and Cyprus, it is too late for Portugal, it is too late for Spain, and it is probably too late for Italy. It is no use continuing to gloss over the issue: the euro has failed. That is not just my opinion, but apparently it is also the opinion of Christine Lagarde, the head of the International Monetary Fund, who gives the euro no more than three months at most. What good is this resolution today going to do? I had no hesitation in voting against this resolution, quite simply because it comes too late, it is wrong and it can no longer mask the failure of the euro project. The euro, as an historical project of this European Union, has failed. By now, we ought to have reached the stage of admitting that economic facts cannot be politically denied any longer."@en1
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