Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-02-09-Speech-1-219-000"
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"en.20150209.16.1-219-000"2
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"Mr President, in Ireland we have a joke that if a stranger asks you for directions and the route is very complicated, you might answer by saying: ‘if I were you I would not start from here’. Well it is the same with the current crisis: a currency still not fit for purpose, a Europe where trust between countries and citizens is fast eroding, and politicians in all Member States make promises they cannot keep and/or tell their edited version of the truth to their citizens.
Yes, there were reckless borrowers and some lived beyond their means, but equally, there were reckless lenders and tons of cash fuelled by low interest rates to suit some Member States flowed across European borders in a torrent. Those who were lucky enough to grab a lifeboat should now help the other survivors to clamber aboard or at least throw a lifebuoy.
The solution will not be just between Germany and Greece; we need a European solution – one that does not promote moral hazard but one that is sustainable for all Member States. Yes, we would prefer not to start from here, but we are here and we must start."@en1
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