Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-112-000"
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"en.20120215.7.3-112-000"2
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"Mr President, I feel that it is necessary to apply the austerity programmes in Member States in order to bring the public finances under control.
In my own experience, in the 1980s in Ireland, once we got the public finances under control, we experienced recovery after some time. The problem is that, if the patient (in the form of the Member State) is to survive the austerity programme, some sort of new incentive has to be given. I think it is time we stopped just looking at the stick and started looking at the carrot.
Greece represents about 2% of the GDP of the euro area and much less than that of the EU. Are we going to allow this to bring the whole euro area down? It is time to start thinking of Marshall Aid-type assistance to those countries that are prepared to suffer. No matter what they did in the past, we will all gain from this, and there will be a return and a dividend if we have more of the carrot as well as the stick."@en1
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