Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-107-000"
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"en.20110706.3.3-107-000"2
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"Mr President, ladies and gentlemen, when the Special Committee on the Financial, Economic and Social Crisis was established in autumn 2009, many observers commented that it was too late. It should have been launched a year earlier and the crisis was almost over, they said. Today, we find ourselves not in the first or second year following the crisis, but rather in the fourth year of the crisis. The problem is still ongoing. Fukushima has shown that, one day, everything that can possibly go wrong will go wrong. It was a similar story with the global financial crisis. Numerous negative factors coincided and, if it were not for the decisive action by the European Union and the USA, things might have hit a new low, leading to economic melt-down and a repeat of the great depression of the last century. Happily, this has been avoided. However, we now have the so-called debt crisis or the euro crisis in Europe. We have been in the grip of this problem for eighteen months now.
I get the impression that Europe’s decision makers have not been providing active leadership for the last year-and-a-half. They react to market distortions and turbulences in the market, but they do not act with foresight on the basis of a clear vision of where they want to take Europe. That is what is missing. There is a lack of vision, and our citizens have the impression that it is business as usual for those who caused the crisis: profits are privatised, losses are socialised and the actual issues are side-stepped. That is where our report has its starting point. It makes proposals for the overall direction of the future development of the European Union and the euro area. Mrs Berès explained these proposals in detail and Mr Karas also discussed them. I do not need to go into further detail at this point.
There is one important point to note, however, which is that Europe has reached an extremely critical turning point. If we do not choose the right path now, we will not even be able to maintain the status quo of the integration already achieved, and will instead find ourselves taking a step backwards. It is important that all of us who believe in Europe and who want to shape Europe’s future should support these ideas, addressing our citizens and the representatives of the national parliaments and trying to win them over to our cause."@en1
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