Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-205-000"
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"en.20120613.24.3-205-000"2
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"Madam President, at a time when governments not only in the EU but across the world are struggling with enormous debts and having to tighten their belts and looking at ways they can cut their spending – and rightly so, because we have all allowed the debt to grow out of control – we have all forgotten the lesson of Mrs Thatcher in the 1980s, who said that we should all remember the housewife’s rule that we should never spend more money than we have coming in.
Governments across the EU, and governments across the world, forgot that lesson and thought that the solution to more problems was to carry on spending more money than they actually have. As we reflect on the crisis, as we reflect on the problems in our Member States, what do we see the EU doing while countries tighten their belts? We see the EU asking for more money from taxpayers, asking for it to spend more taxpayers’ money that they do not have, hoping that it will solve problems when all it will do is increase the mountain of debt. It is time we learnt the lessons."@en1
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