Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-149-500"

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"en.20120118.19.3-149-500"2
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"I was surprised by the absence of Mr Peterson from the Chamber, since he is now a more than interested party in your policies. The problem is not whether the new so-called ‘fiscal’ treaty is purely intergovernmental or whether it conforms to the Community method. It is another straightjacket for national policies, a new bar in the prison which the European Union is increasingly resembling. It is aimed at speeding up the process of keeping tabs on budgets, which already appears in the ‘six pack’, and sanctuarising it. Of course, it is also aimed at reassuring international finance, an objective which has become the be all and end all. We know how much credibility your actions have with the small financial oligarchy which claims to rule the world: the loss of more than one ‘A’, States first, then all of the collectives, companies and entities which benefit from their guarantee. The banks’ refusal to respect their promise to help resolve the crisis, in spite of the EUR 500 billion placed at their disposal by Mr Draghi. All of this is a guarantee of new financial and economic difficulties, which themselves will lead to further deterioration in an endless vicious circle where the losers will always be the impoverished, insecure and pressurised European peoples."@en1

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