Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-026-000"

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"en.20120313.6.2-026-000"2
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"Mr President, I see that Mr Van Rompuy is back for another two-and-a-half years, no doubt a reward for his great success. Indeed, Mr Van Rompuy, listening to you, I thought perhaps I had got it all wrong. You talked about how positive the last Council meeting had been, that we have reached the turning point, that everything is going swimmingly, and I was beginning to believe it. And then I realised that you did not mention the D word: Default. No, that cannot be talked about. We pretend there has not been a default when we know, in fact, that in Greece last week, there was a very major credit event. Indeed, listening to all of you this morning reminds me of the great British comedy classic where the colonial English go on having dinner, ignoring the fact that impending disaster is all around them. You are determined but delusional in this attempt to keep the euro propped up. And whilst you are enjoying your dinner, incoming shells are landing all around you: youth unemployment in Greece went through 50% last week. That is fine, carry on, serve the main course. And you will have seen yesterday that 110 German bondholders of Greek bonds are now going to take legal action against the banks and against the Greek Government. But do not worry chaps; carry on; everything is going to be fine. But perhaps the biggest bombshell is the German Finance Minister saying just yesterday that nobody can exclude a third bail-out. Pass the port. Do enjoy the party. It is a farcical situation, and why is it happening? That is what people in Europe want to know. Why is this happening? Is this being done to help Greece? No. It is going to crucify Greece. It is being done to prop up a failing project because you know that once Greece goes, others will go as well. And some of the language is telling. Mr Barroso, when leaders stand up and say that political moves are irreversible, history has one lesson: you are always, always, going to be proved to be wrong."@en1
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"Carry On Up the Khyber"1
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