Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-24-Speech-1-177-000"
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"en.20111024.16.1-177-000"2
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"Madam President, we are living through times that will decide Europe’s fate. Moreover, although the situation has changed rapidly before our eyes from a problem concerning Greece and Portugal to a wider problem at European level, the truth is that the inadequate solutions suggested, and the delays associated with them, have not done anything to prevent the rapid deterioration of the situation. The search for solutions oriented towards the Member States rather than genuine European solutions has enabled the markets to continue speculating on sovereign debt, and has dictated totally unrealistic timescales and a totally unrealistic pace, which some Member States are trying to achieve by applying brutal measures previously unheard of to people, businesses and the public sector.
There is absolutely no room for delay in finding an immediate common solution to Europe’s sovereign debt risk that wards of market and speculative pressure, and that buys time for any necessary adjustments. Without this, what we will have in the end are countries that still do not have the resources to pay their creditors, devastated economies, and much, much suffering."@en1
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