Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-12-12-Speech-3-032-000"
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"en.20121212.5.3-032-000"2
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"The story goes – Mr Cameron’s story and Mr Barroso’s story and the story of most people here – that the euro is something that needs to be saved. Therefore, the more money we throw at it, and the more guarantees we put behind, the better it is, because the break up of the euro zone would be a very difficult and perhaps perilous course to go down.
I am afraid that there is a problem with this. Nothing that is being done, whether it is the banking union or the fiscal union, does a single thing to change the problem that there is a massive gap in terms of competitiveness between the German economy and the Mediterranean economies. If we carry on down this route of saving the euro, we will probably finish up with violent revolution in those southern Mediterranean states. So I would say that it would be better, if we were good Europeans, to break up the euro zone and recognise that Greece, Spain and Portugal should never have joined in the first place."@en1
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