Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-10-25-Speech-4-403-000"

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"Mr President, ladies and gentlemen, a great deal has already been said about the European Semester but I should like to ask you some very upfront questions. We all know that the Treaties set limits on trade surpluses, we are also all aware that Germany does not stick to them. That is a fact. There is no shortage of recommendations from the European Commission in this regard and Germany does not respect the recommendations. To be honest, I cannot hear anyone here saying a word about this. What I am wondering is: where are the sanctions? On the other hand, it is being suggested that it is perfectly natural to apply sanctions to countries that do not meet the targets laid down in the Treaties for deficits and debt. Seemingly everyone agrees on this. The thing is, everyone is really tough on the weak but very weak on the strong ones. While no sanctions are applied to countries that have trade surpluses for violating the Treaties, and I think we agree that these countries are in a better condition to pay them because the violation is for accumulating surpluses, I think it is immoral that it is taken for granted that countries in violation because they have accumulated deficits should automatically be made to pay, especially when they have difficulties paying for this very reason. This is not democratic. Even as regards keeping to the deficit and debt targets, the same rule does not apply to everyone, as we well know that it kicks in immediately for countries under Troika intervention, but the same does not hold true for countries in the centre or north of Europe that do not meet the same criteria. This is not democratic! Lastly, it will only be when we manage to incorporate some justice in all of this that we will achieve the true economic coordination that we so need. Until then, we will continue to focus more on applying measures that are based exclusively on budget cuts, the privatisation of public services and brazen tax hikes, this is the recipe, in a nutshell, and I am finishing now Mr President, this is the recipe in a nutshell that is being applied to the budgets of the countries under intervention. The European Semester is, for these citizens, synonymous with injustice and poverty. In Portugal, just in one European Semester, we have managed to slip decades in terms of rights."@en1
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