Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-13-Speech-2-046-000"
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"en.20111213.5.2-046-000"2
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"Mr President, ladies and gentlemen, what does the result of the summit bring us? With regard to the automatic sanctions, I would simply like you to explain, gentlemen, what happens when a country has more than 3% debt in future and you want to apply automatic sanctions, but the country says that Article 126 and the current Treaty on the Functioning of the European Union apply. What will happen then? Then our finest hour, which Mr Lambsdorff has spoken about, will turn out not to have been so fine after all. It is a fake which is not worth the paper it is written on, because it does not change the real situation.
In legal terms, what have you actually done? As far as the economy goes, research institutes are saying that in the next two years, perhaps four of the 17 euro area countries will be in a position to achieve the structural deficit target that you have imposed. Possibly by 2015, but only if we can avoid a recession. However, if we take your route, without a growth initiative, we will find ourselves in the midst of a recession. It is a mistake to believe that we can achieve these targets without additional programmes for growth. How will we do it? What have you decided? Without the European Parliament, you will not be able to get out of the mess that you have got yourselves into. Take the opportunity to sit down at the table with the European Parliament and then you will still have a chance. Otherwise, you will find that there are no cards left on the table."@en1
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