Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-045-000"

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"Mr President, I was considering what tie to wear today, and whether it should be a black one for a funeral, but I finally settled on grey. Perhaps the black one will come next. I have to say, however, that the situation is serious, and that you are, in essence, offering nothing different from what the nation states you criticise so much here are offering. You are offering that the European Union jointly redeem those who have too much debt and who have acted irresponsibly, whether banks or entire states, and I say to you that the European economy simply does not have the resources for this. No Eurobond can be large enough to deal with this. When you embark on such a course, you never reach the end. Secondly, you are offering a European economic government. You are therefore offering a liquidation of the nation state and, in my opinion, this can be proposed only by a politician who is completely out of touch with the prevailing mood in the Member States. Look at Finland, look at Slovakia, look at the Netherlands. In my opinion, people are now fed up to the back teeth, Mr President. All we are doing is piling on the pressure, and one day the boiler will explode. The only real solution, and the only fair solution, is an economic solution, in other words, handling each case on its own merits, allowing controlled bankruptcies, allowing devaluation and shrinking the euro area, all of which takes courage. It takes courage, Mr President, because the other solution does not require courage. If we cannot muster the courage, ladies and gentlemen, and if the European institutions cannot recover, then this Parliament will be good for only one thing – to sing that Beethoven song, the one they call the European Hymn. We will be good for nothing else."@en1
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