Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-09-12-Speech-3-391-000"

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"Mr President, Mr Barnier, during today’s debate and on the subject of banking union, President Barroso said that rules need to be adopted to prevent companies and mortgage loans from being manipulated via interest rates. This gives me the opportunity to observe that the Commission is unable, yet again, to see beyond the end of its nose and to see that interest rates, lending and mortgages are being used to manipulate both companies and consumer mortgages and Member States. In this particular instance, in both Greece and elsewhere, this is being done by mortgaging public property and undermining any potential for growth. The Commission has opted to overlook certain things and to play the role of ‘Pontius Pilate’, by establishing different tactics for recapitalising the banks from one country to another. The European Central Bank refuses to accept that its bonds should receive a haircut. I understand that this is a step, a communication policy for more Europe. However, we have asked you and you have not told us what will happen to the states’ sovereign rights, what will happen on the question of democracy, what will happen with labour rights, what will happen to workers’ rights and to the future of the young generation. Unfortunately, what we see coming is a Europe in which neoliberalism will prevail as an absolute doctrine."@en1
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