Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-045-000"
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"en.20120613.6.3-045-000"2
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"Mr President, economic union can only exist if the citizens of Europe, regardless of their home State, feel that their State is participating
in such union. Participation
means fair redistribution of European GDP. Participation
means that German citizens and Maltese citizens participate
in the election of Union leaders.
As regards States’ debts, where those debts accrued because the system generated debts for one State while, for the same reasons, generating profits for another State, the only solution is to write off those debts. It is also high time the European Central Bank started lending to States, rather than banks. The Union’s needs and objectives cannot be serviced by economies that decimate the prosperity of its citizens.
As regards the method of financing the Union, successive adjustments to the system have benefited the most wealthy Member States, because some such countries, which apparently are paying a contribution to the EU budget of over 10%, are, in fact, paying less than 1% of their per capita GDP. A budget financing system based on traditional own resources, in conjunction with the abolition of corruption and discounts, would be the most advantageous, because it is more in keeping with the principles of justice and solidarity."@en1
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