Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-285-000"
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"en.20120613.24.3-285-000"2
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"What has already been said regarding the Ferreira report also applies in this case. New rules to limit debts in the euro area countries will achieve just as much as the old ones; in other words, nothing. Moreover, one cannot pass regulations telling a sovereign state how much debt it can have at any particular time. Of, course, it must also be liable for this debt – something that has been suspended since the euro crisis. These rules are designed solely as a basis for joint and several liability in the euro area and, consequently, they are to be rejected in their entirety. Nor is it the task of the EU or of other northern EU states to pass various measures associated with the ‘surveillance’ of budgets that could result in or have already resulted in civil war-like conditions in the southern Member States. We have to deal with the root causes of the problem, which means dissolving the euro in its present form and/or restricting it to the more stable countries. All the other countries could then reintroduce their original currencies and then decide on and implement those measures that, although they will undoubtedly be hard, offer the country in question a chance of recovery. The euro provides no possibility of recovery for the deficit countries. It is merely prolonging the agony and dragging healthy states down into the abyss with them."@en1
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