Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-12-Speech-3-072-000"
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"en.20111012.14.3-072-000"2
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"Mr President, Europe is in a very bad state, and Parliament has shown that it is not happy. Repeated debates have insisted on the fact that this crisis is made up of many crises.
The first of those reveals the chasm that lies between the single currency and the lack of instruments available to protect it from a fiscal and budgetary point of view. The second shows the gap between the productive, or real, economy and the global, financialised economy, because the financial economy has become the enemy of growth and employment.
The third crisis, however, reveals the resounding failure of our response times. Too little, too late; we are always dragging our feet. Many people in Europe want someone, in the next Council meeting, to state clearly that this is not about ‘drip loans’, impossible time limits or deadlines postponed indefinitely, but rather that what needs to be done must be done right now: a new strategy to boost growth, employment and productive investment in order to lift Europe out of this rut that has left the European people in a desperate situation, the likes of which have not been seen since the European project was launched more than 50 years ago."@en1
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