Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-05-11-Speech-3-569-000"

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"en.20110511.35.3-569-000"2
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"Mr President, I should like to express my deep indignation here and give voice to the protests being heard in Portugal against the policies that have led us to the crisis we are experiencing, in particular, the veritable submission and aggression pact imposed on the Portuguese people by what are known as the ‘ ’: the International Monetary Fund (IMF), the European Central Bank (ECB) and the European Commission. These bodies have been charged with implementing a shameful act of outside intervention that does not even respect the rights and exclusive competences of the Portuguese Parliament, or take into account that we are in the run-up to parliamentary elections. These are antisocial, regressive policies that abandon development and condemn the Portuguese workers and people to unemployment, poverty, underdevelopment and extreme dependence, turning Portugal into a mere protectorate or colony of the powers of the European Union. All this is happening, moreover, when it is already known that such measures do not solve the problem, as demonstrated by the Greek example. Even if the real responsibilities of EU policy – and we are talking about the irrational criteria of the Stability and Growth Pact, of the policy of the strong euro, and of the ECB guidelines and statutes, which do not respect the particularities of the weaker economies – in relation to the current situation are covered up, nothing justifies applying a package to Portugal that punishes the Portuguese people in return for a loan which needs to be paid back at interest rates higher than those normally charged by the ECB. Contrary to all the proclamations of solidarity at election propaganda time, what we have is a policy of social regression and of prolonged economic recession. They are intending to do all of this just to favour the international banks, along with a handful of big companies and financial institutions in Portugal, and a few of their lackeys. That is why we are saying here that the euro area itself is under threat; that the future of the European Union could be its implosion, and that a change of policy is needed …"@en1
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