Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-090"
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"en.20090311.3.3-090"2
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"It is not worth trying to rank grievances. However, the mutually felt pain mobilises resources and intentions. Many evoke the crisis of 1929, although the Second World War that followed in its wake divided Europe between two different paths. The countries of the former Eastern bloc, moreover, experienced the change of regime as a trauma as well, but in this case, we are all equally threatened by the global financial and economic crisis which, in spite of certain early signs, was nonetheless unexpected.
From the moment of the crisis, Europe’s path can no longer diverge, even into several parallel paths – there cannot be two speeds. In the devaluation of speculative capital, everyone stands to lose; only the degree of the loss differs. The paradigm of the common market can only survive and remain competitive in such a situation if we provide joint, coordinated solutions. The ghost of protectionism does not offer good advice!
The task of the Member States is to work out their financial plans in collaboration with each other. The European Union can supplement this task by assessing how each can give support according to its means, to ensure that the Member States and citizens who are further back in the queue also end up with a positive balance. The Central and Eastern European region is further back in this queue, partly for historical reasons, partly because the lack of the euro has caused a lack of confidence and turned speculative capital against us. And although it is impossible to treat certain Member States on an equal footing, I firmly state that we need to work out a system of support at European level that makes it possible, in the name of solidarity, to offer assistance that is appropriate to each Member State."@en1
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