Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-24-Speech-3-050"

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"en.20100324.12.3-050"2
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"Madam President, according to recent statements by officials and articles in the press, it would appear that the most likely ‘rescue’ scenario for the Greek economy will be a joint effort between the Member States of the European Union and the International Monetary Fund. Mrs Merkel also appears to be pushing things in that direction. May I say that this is the worst, the most anti-social scenario both for Greece and for the euro area. For the European Union, any such possibility violates Community legality – and I say that for those who defend it, given that no treaty, no legal text makes any reference to any such intervention by the International Monetary Fund or other international organisation in these procedures. At the same time, it creates a political and legal precedent by making the Stability Pact even more austere and lets the United States of America into the euro area through the back door. As far as Greece is concerned, any such choice would seriously intensify the anti-labour and anti-social measures taken by the government, measures which you call bold and which have increased poverty, increased unemployment, cut off any prospects for growth and cut off any hope of Greece’s emerging from the crisis. This is the prospect that awaits other countries which may apply such measures under such pressure."@en1
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