Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-182-000"
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"en.20120613.24.3-182-000"2
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"Madam President, the same as I said regarding the Gauzès report applies to this report
particularly as regards its virtuality. Mr Kamall of the European Conservatives and Reformists Group is absolutely right when he says that this euro currency was doomed to failure from the start, simply because economies with vastly differing trade balances – think, for example, of Germany, Austria and Greece – were bundled together in a currency area. No country has ever been destroyed by devaluations or revaluations. There are, however, countries in economic history that have been destroyed by their debts coupled with a trade deficit. That is the problem that this report by Ms Ferreira is not in a position to resolve.
We simply have to recognise what Paul Krugman said two days ago, when he commented in an American newspaper that the political élites of Europe are always ready to take action to protect the banks, but are not willing to adopt a policy that protects their citizens and puts the economy back at the service of people. That is precisely what is clearly expressed in this report. For this reason, I voted against."@en1
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