Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-03-Speech-2-072-000"

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"Mr President, welcome to the blackmail zone, better known as the eurozone, but officially now a no-growth zone. The latest European summit was appalling. What we saw was, as the German press wrote, a brutal act of blackmail. Apparently, European integration is all about money while prostituting the word ‘solidarity’. What we perceived was Mr Monti acting as a mob leader to get at easy money. Blackmailing Germany is not difficult. Just refer to the past and their knees will weaken. The ESM Treaty was changed, although many national parliaments had ratified it. So what is now applicable law? We simply do not know. The ESM Treaty is not a treaty, but is it a piece of paper, perhaps waiting for the shredder, or is it, Mr Van Rompuy, a piece of scrap paper? Are you the scrap-paper President? Mr Monti made a fatal mistake. He galvanised the sentiment of resentment in northern Europe. People feel fooled, robbed and they will resist. Look at Finland and Holland. In Mediterranean Europe, we spread the feeling that there is access to more money, so the pressure for reform will drop and people will ask: why should we suffer if fresh money is on the way? There is only one solution and it is regaining competitiveness. There is no substitute for it and no short cut to a transfer union. The more you push for a transfer union, the sooner the euro will break up. Finally, where are our colleagues from the German Christian Democrats? I see hardly anyone from the CDU/CSU. Mr Pöttering has already disappeared. Where are they? They should defend their country, but they are absent. The German press will know. They will write about it so that everybody knows in Germany."@en1
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