Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-052-000"
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"en.20120313.6.2-052-000"2
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"Mr President, Mr Van Rompuy, Mr Barroso, what will the citizens of Europe think of the way in which we are handling the crisis after the last summit? They will realise that the banks are receiving around EUR 1 trillion from the European Central Bank (ECB) without any conditions being imposed on them. No strings are attached to this money and the banks can use it for whatever purpose they want.
In contrast, the countries that are in crisis are being gagged and forced to introduce disastrous austerity measures. The citizens of the crisis countries are having to put up with cuts in their pay, pensions and social security benefits.
However, unlike Germany, the economies of these crisis countries are not dependent on exports, but on their own internal markets. It is precisely these markets which are being destroyed by the austerity policies that have been imposed. This is not the right way to get out of the crisis, Mr Barroso, Mr Van Rompuy. In political terms, the EU is being driven into a brick wall."@en1
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