Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-04-16-Speech-2-525-000"
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"en.20130416.50.2-525-000"2
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"Madam President, one of the favourite tactics of the European Central Bank in gathering more power for itself through the course of this crisis has been the writing of ominous, but polite, ransom notes. For example, to the governments of Ireland and Italy, demanding austerity measures and bank bail-outs or threatening the collapse of their banking systems.
It seems, if the reports from Cyprus are to be believed, that the ECB and Mr Draghi have graduated to a new level of financial gangsterism. Can I ask, Mr Draghi, is it true that the ECB threatened the withdrawal of liquidity assistance from the Cypriot banks if the Cypriot Government did not sign a memorandum? If so, how can you justify the holding of the gun that was used in an attempted bank robbery of the Cypriot people?
Finally, I note last month that the ECB has once more downgraded its economic forecasts. How do Mr Draghi and Mr Rehn justify the continuing downgrading of their forecasts? Does it not illustrate that they are getting something wrong? I would like to suggest respectfully that what they are getting wrong is placing the interest of the bondholders before the interests of the economy and of working people as a whole, and the result is that they are underestimating the impact of austerity."@en1
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