Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-072-500"
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"en.20110914.3.3-072-500"2
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"We would be fooling ourselves if we pretended that the crisis we are currently in is not serious. The daily turmoil that is rocking governments, stock markets and banks is a sign of worse to come if Europe does not respond immediately. What are the causes of this crisis? To begin with, there is a structural flaw: how can we guarantee the long-term stability of a single currency without establishing proper budgetary coordination? The old stability pact was weak and detached from reality. The second reason is the economic climate: for a long time now, and more markedly since the economic crisis of 2008, governments have been hit-and-miss in the way they have managed public expenditure. This must stop. Lastly, the crisis has been made worse by the political selfishness of some States, who tinker here and there according to their short-term interests and the latest opinion polls. France and Germany have proposed solutions, which are necessary, but will not be enough. The response must come from Europe itself. Will the EU dare to take the leap of faith of true integration, in which each member expresses solidarity for the sake of growth for all? If the euro collapses, then confidence in the European project will collapse along with it."@en1
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