Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-159-000"
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"en.20120613.24.3-159-000"2
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"Madam President, it was only last July that we had the stress tests of all the European banks and we were told that there was no problem in Spain – certainly none that the national government could not look after.
We have now had a bailout of EUR 100 billion and Spanish ten-year bonds were at their highest level since the single currency was launched, so the only impact of this bailout has been to burden every Spanish household with a further EUR 15 000 debt that they did not have last week. Where does the money come from? It has come from the other members of the eurozone, including Cyprus and Italy and so on.
Europe is giving itself a transfusion; it is taking blood from one arm and pumping it into the other arm, but the tube is leaking. The liquid is coming out en route. My friends, when are we going to understand that you do not solve a debt crisis with more debt? The euro is the problem, not the solution. We are treating the tumour when we should be treating the patient."@en1
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The resource appears as object in 2 triples