Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-14-Speech-4-181-000"
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"en.20120614.22.4-181-000"2
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"Mr President, it is important that we consider all sorts of hazardous and toxic materials. I am very pleased that we have actually looked at this issue, but in the context of the wider economic situation it is also important that we look at some toxic and hazardous substances there.
We should look at the issue of toxic debt and why governments have been spending more money than they had coming in and therefore got themselves into a difficult situation. We should be looking at the issue of moral hazard, where we are now trying to encourage banks or governments to build up lots of money in case a bank fails. That just creates a moral hazard, because why would you act responsibly if you know there is a pot of money there waiting for you?
We should also look at the danger of the euro for countries that are not competitive. Look at what is happening in Greece and Spain; they cannot maintain this, and it is hazardous for their citizens. We should be looking at all hazardous substances, including substances that make countries poor."@en1
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