Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-21-Speech-1-103-000"
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"en.20120521.16.1-103-000"2
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"Mr President, European leaders are being called on to strike a balance between austerity and growth in their economies, both under the pressure of election results in France and Greece and under the worried eye of the markets. Strict austerity measures are still forcing people out of work and causing widespread problems of social cohesion throughout the European Union. The results of local and national elections throughout Europe, such as those being held in Italy, Germany and France, reflect a widespread reaction to the policy of strict austerity. One thing is certain: the German model of fiscal prudence and direct economic growth needs to be relaxed so that European societies can regain their balance and maintain their cohesion, which is under threat. The currency is also under threat. We must not push European citizens beyond what they can tolerate. We need to consider the possibility, based on the principle of European solidarity, of a more realistic solution that includes a Eurobond issue, a stronger European Central Bank and quantitative easing."@en1
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