Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-22-Speech-3-074-000"
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"Mr President, we have heard a lot today about giving and giving and giving and cutting and cutting and cutting. I want to add another dimension to the mix, and that is ‘taking and taking and taking’. I am referring in particular to the interest rate being charged by the ECB to my own country, Ireland. We are struggling manfully to reach our targets in relation to the bail-out. But this is not helping us. Thankfully, the EP and the Commission see that we are being unjustly and unfairly treated. Charging an interest rate like the one we are being charged is akin to tying a millstone around the neck of a drowning man while you are sending out the lifeboat to save him. I would ask, particularly tomorrow, for the Council to reduce the interest rate on Ireland. If it does so, we will return to growth, we will meet our commitments and we will be a great nation, part of Europe once again."@en1
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