Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-10-20-Speech-3-534"
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"en.20101020.21.3-534"2
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"This is not about improving economic governance at EU level, but about holding sway over Member States’ economic, budgetary and taxation policies, which are subject to the essential requirement not of creating economic prosperity, but of safeguarding the interests of the single market and of Brussels. It is also about the reactivation and worsening of the Stability Pact, which continues to cause harm.
This is not acceptable, and nor is the creation of a common public treasury responsible for managing a European tax and the institutionalisation of a European economic government (to do what?). Admittedly, the level of public deficit and public debt, most of which is held abroad, is dangerous both financially and in terms of sovereignty. However, this deficit and debt would no doubt be lower if it were not for your policies and the obligation for States to borrow on the markets. Nearly a sixth of the French State’s budget is spent on paying interest on its debt. As long as we are paying that, we cannot use that money for anything else."@en1
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