Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-177-000"
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"en.20120613.24.3-177-000"2
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"Madam President, the Spanish 10-year bonds have reached their highest level since Spain’s entry into the euro. It is clear that the markets have not received the bailout as simply as was hoped. The rescue has achieved something, however: that the Spanish now owe EUR 100 billion more than they did last week. The Spanish people are perfectly aware of something that bureaucratic pride stubbornly wishes to ignore. The rescue will lead to the same outcome as in Greece and Ireland: more poverty, deflation and despair.
The Spanish are going to see how the value of their savings drops and how their debt totals rocket. Despite the fact that Brussels enjoys opacity and people not asking questions, here is a query: Madam President, when are those who accept the risk of jumping from an aeroplane without a parachute going to be left to fall?"@en1
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