Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-03-11-Speech-3-162-000"
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"en.20150311.7.3-162-000"2
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"Mr President, for the first time, the self—doubt of the EU political class has transmitted itself publicly, because the motion for debate notes that the euro area, in particular, stands out as an area of unsatisfactory growth. That is because other countries have control over setting their own interest rates and managing their own exchange rates to suit the needs of their economies.
In Britain, we have a saying ‘the penny is starting to drop’: well, the euro has certainly started to drop on the international exchanges and, along with quantitative easing, that may help in generating some growth this year. But we all know that once Germany has had enough medicine, the prescription will be stopped for everyone. They used to say that when America sneezed the world caught a cold. Well, in euroland, when Germany stops sneezing the whole of Southern Europe will be left to die of influenza. This currency union has failed. Someone must put it out of its misery."@en1
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