Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-09-12-Speech-4-220-000"
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"en.20130912.44.4-220-000"2
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"Mr President, when we look at the euro crisis we need to get real, and there are essentially two solutions.
The first is to let the weaker countries go: let them default, devalue and be more competitive. But we know that most people here do not want that to happen because it would be a psychological blow to building the European project – the United States of Europe, the Federal Republic of Europe.
The alternative is to look at successful currency unions and how those work: they have transfers from the richer parts to the poorer parts, and that means you have to be honest with the electorate in many of the richer EU countries and tell them that if they want to keep the euro together, and to stay in the euro, the best way forward is to have transfers from the richer parts to the poor parts. That is the best economic argument but, of course, we know that politicians do not want to be honest with their electorate. At some stage, however, they are going to have to be."@en1
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The resource appears as object in 2 triples