Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-01-17-Speech-4-176-000"
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"en.20130117.27.4-176-000"2
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"Mr President, some of the titles of these debates are oxymoronic, not to say moronic. State aid modernisation. I mean is that not just the most wonderful retro title redolent of the early seventies when Britain made the fateful decision to join the European Union? It brings back memories of three-day weeks and prices and incomes policies and a belief that government could pick winners and occupy the commanding heights of the economy.
We learnt in the seventies what happens when you pursue that policy. The end of that road is indebtedness, poverty and hyper-inflation and yet we have set out on that road again in the four years since the disastrous decision to bail out the banks.
And we are not only making that mistake at national level. We have elevated it to a pan-continental level. There is no such thing as modern state aid. State aid is the most nostalgic and backward-looking policy. If we want state aid modernisation in Europe, modernisation means abolition."@en1
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The resource appears as object in 2 triples