Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-051-000"
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"en.20120215.4.3-051-000"2
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"Mr President, we should consider it a success that in March this year, the ‘six-pack’ will be supplemented by a new element, namely, the fiscal compact facilitating compliance with common economic governance. Yet I do not consider it such. By now, it has become clear that austerity measures alone are insufficient to guarantee recovery from the crisis. I find it incomprehensible how certain Commissioners can disregard economic analyses based on precise indicators and perhaps base their evaluations on political sentiments, thereby causing disturbances to the markets and, even more importantly, to the Member State concerned. They then envisage a penalty, a withholding of funds, followed by further budgetary austerity, that is, they are letting the Member State concerned bleed out. There is a further problem. How is it that when the IMF or the EU adopt short-term measures to restore the budget, it is acceptable, whereas if a Member State does so on its own, it is not? What is the reason for this? I often have the feeling that Europe wants both everything and nothing, and wants them immediately and simultaneously."@en1
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