Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-03-13-Speech-3-027-000"
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"en.20130313.6.3-027-000"2
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"Mr President, before I answer the question, let me talk about your comments. You said in your speech to the European Council that there should be a secret ballot on the MFF and, of course, you said it on behalf of the leaders of the other political groups. The quote is on record. We can of course all read your speech.
Turning to Mr Tavares’ question, of course there are examples. Latvia is a good example of a country that has consolidated its public finances. But what is your alternative? That we should just ignore the fact that we are spending ever-increasing amounts of money, that in many countries 25 or 30 % of their budget is borrowed money? Do you not agree that this money has to be paid back eventually? Where is this magic money tree that the socialists keep telling us all these resources will suddenly appear from so that we can spend our way to growth? In no country in the world are there examples where excessive amounts of public spending and public borrowing lead to long-term growth. The socialists are living in a fantasy world if they think that is the case."@en1
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