Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-08-Speech-1-063"
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"en.20100308.14.1-063"2
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"Mr President, one or two years ago, when the euro was strong, the
was betting on its failure and explained how it might happen. The economies of the euro were very diverse, it said. It would only take the most vulnerable to fail.
That is what happened and now everybody is complaining about foreign speculators. It would be better, however, if they complained about themselves, if they complained about the European leaders. Nobody forced us to form a monetary union without political union and without social cohesion. Likewise, nobody forced us to hesitate and falter when the so-called ‘peripheral’ economies come under attack.
Let us be very clear about one thing: there is no such thing as peripheral economies. When a euro economy is under attack, it is the euro that is under attack. It is the Union that is under attack and it should respond in solidarity; the same solidarity that was valuable for Eastern Europe and that was valuable for Germany in its reunification.
If not out of solidarity today, it will be out of self-interest later, given the size of these markets and the size of their debts and the exposure of Central European banks to them. It would be better if we acted out of solidarity."@en1
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