Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-391-000"
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"en.20120215.18.3-391-000"2
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"This report has the merit of deploring (without condemning) ‘the socialisation of private losses through injections of liquidity in the banking sector and any speculative behaviour by rating agencies and international financial centres’. Its merit is limited to this demonstration of lucidity. As for the rest, this report accepts the austerity plans. It approves the European Semester, which it merely wishes to see submitted to Parliament for amendments and, even then, only at its first stage. It is in favour of the policies of social destruction put forward by the Commission in the Annual Growth Survey. It encourages the recapitalisation of the banks without demanding the least constraint on the interest rates that they will subsequently impose. It really was not worth the bother of making such a contribution! I voted against and condemn this report and those who support it."@en1
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