Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-193-000"

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"en.20120703.18.2-193-000"2
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"Mr President, it may, outside the portals of this institution, strike people as odd, given what is happening, that we are devoting all this time to discussing a single European railway area, but then again there is, I think, an appropriateness in this topic, both literally and figuratively; literally because it is precisely such harmonisation, such uniformity, such micro-management that led Europe to its present discontent, and figuratively because the train is the ultimate European metaphor. When the euro was launched, we were forever being told that we would miss the train and that this was a terrible danger, and we can now see exactly where the train that we missed has ended up. It is hurtling out of control under its own momentum: bailout-and-borrow, bailout-and-borrow, bailout-and-borrow. As we look, we can see that there is still theoretically time to throw the switches. You could still deflect it on to a different course. You could allow an orderly dismantling of the eurozone and countries to export their way back into the market, but the terrible grisly truth dawning on us is that there is no one in the engine. It is out of control and it is going to hit the buffers and, when it does, the shockwaves will be felt around the world."@en1
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