Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-23-Speech-4-207-000"
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"en.20110623.37.4-207-000"2
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"Madam President, ‘you can evade reality’, wrote Ayn Rand, ‘but you cannot evade the consequences of evading reality’.
We have reached the limit of trying to move markets with public money. Everyone can now see that a default in Greece is coming, except the euro zone finance ministers who, 13 months after uselessly committing EUR 110 billion, now seem set to commit a further sum almost as large. Actually it is not uselessly. It is not just useless. It is actively harmful, because what we are ensuring is that when the default comes, it will be much bigger and the hit will be taken by all of us as taxpayers rather than by just a small number of bankers and bondholders.
Thus are the interests of Greek workers and the interests of European taxpayers alike sacrificed to the ambitions of a small number of the gilded princelings of the eurocracy."@en1
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The resource appears as object in 2 triples