Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-209-000"
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"Mr President, in any crisis, the first instinct of the Eurocrat is to reach for his wallet – or rather to reach for somebody else’s wallet, because of course, as we know in this Chamber (although this is not widely known outside), employees of the European Union are exempt from paying national taxation. So somebody else is picking up the bill in order to cover this error. It is a policy of excessive monetary integration and a policy of excessive spending that brought us to this pass; we are not going to get out of it by accelerating the very things that led us here. It really does seem extraordinary – even by the standards of this organisation – that the one solution we have to a debt crisis is more debt. We have got like a runaway train into this kind of momentum: bailout and borrow, bailout and borrow. There comes a point when you run out of track, and I think we have reached that point now."@en1
substitute; Delegation for relations with the countries of the Andean Community (2009-09-16--2014-06-30)3
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