Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-07-07-Speech-3-216"
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"en.20100707.23.3-216"2
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"Madam President, I oppose this resolution on Iceland because it demands that the loans taken out by Icelandic banks be repaid without specifying that this burden should not fall on the shoulders of the ordinary people of Iceland. In effect, the kind of agreement demanded by Britain and the Netherlands would saddle the working people and taxpayers of Iceland with a massive EUR 3.7 billion. Can I remind the European Parliament that by referendum 93% of the population of Iceland rejected the imposition on them of a crushing debt entered into not by them but by financial speculators. So let the speculators and the gamblers, who made obscene profits from this speculation, pay the price.
The EU institutions, and the Commission in particular, have been bullying countries to impose savage cuts in public services and living standards, while not lifting a finger to curb the inordinate power exercised by the financial markets. These, by the way, are the sharks that Mr Hannan and the British Tory party defend while their government is now proposing to impose savage cuts on the British working class.
On the Left, we have a responsibility to tell the truth and to warn the people of Iceland that the EU institutions align themselves with the neoliberal policies that caused the crisis and are not their friends."@en1
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