Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-04-05-Speech-2-053-000"
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"en.20110405.3.2-053-000"2
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"Madam President, what happened at the European Council meeting on 24 and 25 March 2011, and the contents of the text that was adopted, amounts to a narrative on the promotion of fiscal unity by the back door. The creation of the single currency of the euro and the period of existence of this currency comprise a history of ignorance of economic laws, broken rules, lies about the size of public finance deficits and deception in national statistics. The Stability and Growth Pact was adopted as the last chance to deal with the notorious rule-breakers, and it has been violated by everyone for years. How could it be otherwise in the Euro Plus Pact, I wonder, given the different nature of the national economies, the different inflation levels and the different levels of unemployment? I consider the proposed harmonisation of the underpinnings of corporation tax to be particularly inappropriate."@en1
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