Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-163-000"
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"en.20120419.15.4-163-000"2
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"Mr President, from the moment that the euro crisis struck, the leaders of the EU have been asking the wrong question. They have asked themselves, ‘how do we save the euro?’ rather than ‘how do we rescue the people who have to use the euro?’
It is now obvious that the single currency is a recessionary mechanism. By sustaining it in the way that they are, the leaders of the EU and in the palaces and chancelleries of the Member States are inflicting preventable poverty on the peoples of the eurozone.
This is obvious, not least in your country, Mr President, one which, as you know, I admire very deeply. There are many opportunities available to Spain in a clean default, a decoupling and a reissuing of a more competitive currency. But that debate is not even being contemplated, because people begin from the proposition that the euro is an end in itself, an absolute imperative.
A result of this is that, I am afraid to say, the leaders of the EU are now consciously working against the recovery because they know that, although Spain might begin to take off the day it left the single currency, their own credibility would not recover."@en1
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