Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-453-000"
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"en.20120613.28.3-453-000"2
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"Mr President, I understand that our good colleague, Mr Malcolm Harbour, has been very much engaged in this work on the single market. We should certainly thank him for his efforts, but he falls into an error common amongst British Conservatives. Challenged to find even one good thing to say about the European Union, most British Conservatives will cite the single market. They seem to believe that it is a free trade area and they think that free trade is a good thing. But it is not a free trade area. It is a customs union and it is a bureaucratic nightmare of regulation and red tape. Years ago, Commissioner Verheugen estimated that the cost of EU regulation was around 6% of European GDP. Since then, it has got worse and this proposal today adds more burdens.
I come to the House today with good news. It is possible to create growth and jobs and prosperity and investment and recovery in Europe but, to do so, we will need to do four things. First of all, we must cut taxes, secondly, we must have a bonfire of the regulations, thirdly, we must dismantle the reckless and failing experiment of monetary union and, finally, we must adopt a rational energy policy and abandon our lunatic obsession with the myth of global warming. I fear that we will do none of these things and we will condemn Europe to a third-world future of decline, poverty and unemployment."@en1
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