Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-079-000"
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"en.20120215.5.3-079-000"2
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"Mr President, Commissioner, I wish to congratulate the rapporteurs and shadow rapporteurs, but I would also like to say that there have been enough well-meaning speeches on employment and growth. Today, with the first results on macro-economic imbalances in Europe, the veil is being lifted on why, in the EU and the euro area in particular, some countries are growing while others are withering and dying.
Europe is becoming less competitive in external markets and this agenda needs to be revised because it gives rise to much of the lack of internal growth. However, to focus on the internal market, four countries, including Germany, are accumulating successive surpluses year after year, while 20 countries – I repeat, 20 – are accumulating deficits, also year after year. As deficits build up, the external debt of these countries increases unsustainably.
Obviously, this process must be controlled. Obviously, what is needed is discipline. However, today it is important to ask some questions. In this context, is the solution of crushing the weakest with recessive policies the only possible solution? Will the tax competition within the internal market, from which there are a few winners, continue to be tolerated? Will the EU’s largest economy be able to keep developing common policies that favour it and internal economic policies that, as they are right for its economy, soak up the majority of the profits from the internal market? Will the Commission and the Council be able to keep imposing recessive policies that further squeeze the economies of the weakest countries, openly discussing the possibility of default by sovereign Member States in the euro area, when they know that the ‘firewall’ will never be anything more than an intention?
Are the Commission and the Council fully aware of the massive political and economic risk for Europe caused by discourse like this? Yes, revenue needs to be reviewed in a radical way. However, political will is required for this to happen. Until that will exists, out of respect for the public, let us refrain from saying that we advocate growth and employment, as it is not true. The public cannot go on being deceived."@en1
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