Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-128-000"

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"Mr President, ladies and gentlemen, we are currently living through a period that is decisive for the future of the euro and with it of the whole European project. Being aware of this would mean abandoning a short-sighted logic that subordinates everything to an ideological balance of payments straitjacket. We all want various countries’ books to be in order. We all want to reduce debt. Nevertheless, it is clear that without a sensible policy of investment capable of breathing life into the economy, there will be no possibility of growth. The one clear outcome of this approach is that the greatest price will, as usual, be paid by the least well-off. That is why we in the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament have voted against this report. In fact, it continues down a one-way street that is one of austerity without growth, a direction that has so far proved to be the wrong one."@en1
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