Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-22-Speech-3-060-000"

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"en.20130522.3.3-060-000"2
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"Mr President, the European response to the crisis, as is evident in this resolution, has been driven by a blinkered, ideological approach. Instead of changing the failed ideology and the policy, we do the same thing over and over again and expect a different outcome. It is a definition of insanity, according to Albert Einstein. Intensifying the obligation on Member States to follow this failed ideological approach is a sure recipe for future disasters. Where is the investment programme needed to create jobs and grow GDP? Where is the write-down of toxic debt? Why are the public still bearing the cost of the failure of banks? Where is the recapitalisation of banks which was promised by the European Stability Mechanism? Where is the lender of last resort, a role the ECB should fulfil? The EU’s approach is the worst of all worlds, wresting economic decision-making from countries without any transfer of wealth that might justify fiscal union. This is nothing more than economic illiteracy."@en1
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