Local view for "http://purl.org/linkedpolitics/eu/plenary/2013-05-22-Speech-3-067-000"
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"en.20130522.3.3-067-000"2
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"Mr President, my sincere apologies for not being on parade. It is quite unlike me. I do apologise for it and thank you for your courtesy.
Interesting, is it not, that one of the great political questions in the United Kingdom when it comes to discussion of the euro is: cock-up or conspiracy. Is it a cock-up or is it a conspiracy? We are still arguing about that in the pubs of England. We are not quite sure.
It must be completely obvious to anybody with even the remotest bit of economic understanding that this common currency was doomed to failure from the outset if it was not accompanied by fiscal policy. It must have fiscal policy to have one currency and one interest rate. It comes with the package. It must be part of the same phenomenon.
The conspiracies theorists say, ah: they knew that this would happen, that this would collapse and that this would bring grief to many countries unfortunate enough and stupid enough to be part of this common currency, and what will happen is, when it collapses – when it catches fire, when it all goes wrong – they can then (‘they’ being the conspirators) push through an undemocratic system of government on people, whether they like it or not. I think this is the first part of it. This is what we are looking at with this document. It is the first bit of an undemocratic procedure so we can cut ordinary voters – members of the electorate – out of the system."@en1
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