Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-27-Speech-4-094-000"
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"en.20111027.6.4-094-000"2
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"Mr President, I have listened very carefully to the statements made by the President of the Council and the President of the Commission. I agree that the fight to achieve the targets is a marathon, not a sprint. The decisions adopted by the summit are, theoretically, a step towards protecting the euro. However, the viability of my country’s debt does not depend solely on the ‘haircut’; it also depends on rates of economic growth and on generating surpluses in the long term and there will be no sign of this if we keep removing every growth element from the austerity package applied.
The common European currency created prospects and was a catalyst in reducing the losses of capital caused by exchange rates. It is a symbol of our strength, provided that we all work towards achieving growth and creating new jobs. Of course, that will only happen if politics take precedence over the markets and the banks, whose smoke and mirror transactions caused the crisis."@en1
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