Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-16-Speech-3-040-000"
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"en.20111116.5.3-040-000"2
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"Mr President, in the style of the Roman senator Cato, I would like to say that Greece must leave the euro area. We all know that Greece cannot recover within the euro area. Italy is now paying higher rates of interest and we cannot find investors, speculators, for the European Financial Stability Facility (EFSF). Quite simply, no one wants to do it.
We are also finding that, just as the problems actually get bigger and the wheels are coming off, European leaders want to accelerate. Mr Verhofstadt would rather drive into a wall at 100 miles an hour than take his foot off the pedal a little.
We want to reform the euro area economy, but where are we heading? We need competitiveness. Yet with a financial transaction tax, with European taxes and with emissions taxes what we are doing is exactly the opposite. We are making the euro area economy too expensive. We are not competitive, we have no growth and that will lead to economic stagnation that will last for years.
What we are doing is replacing competitiveness with bureaucratic coordination, and democracy with technocracy. In Belgium, the former Prime Minister Mr Eyskens – you know him, Mr Van Rompuy – has already proposed government by decree, which would actually bypass the parliament there. That is the opposite of all the aims with which European democracy began."@en1
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