Local view for "http://purl.org/linkedpolitics/eu/plenary/2014-01-14-Speech-2-028-000"

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"Mr President, I have a question for President Barroso, though unfortunately he has again left the debate before answering any questions. Perhaps Commissioner Šefčovič will be able to assist. At the EU summit in December, Mr Barroso spoke about the question of the bank bailout in Ireland, saying that it would be wrong to give the impression that Europe had created a problem for Ireland, and that now Europe had to help Ireland. I hear it sometimes suggested that the problem has been created by the EU, or by the euro, but it is exactly the opposite. I think that Mr Barroso perhaps protests too much, because Irish developers, Irish bankers and the Irish Government should of course bear responsibility for the building of a massive property bubble which benefited a tiny section of the population – but what about the bank bailout? Together with the government, did the European Commission and the European Central Bank not support the idea of a massive bank bailout at the expense of working people in Ireland? The consequence is that Irish people have paid more in terms of the bank bailout than any other state in Europe, with less than 1 % of Europe’s population meeting 42 % of the total cost of that bailout. Can the Commission spell out the consequences of this thinking clearly? Does it mean that the notion of retroactive burden-sharing of the bank bailout is off the table from the Commission’s point of view? How does that square with the Irish Government’s statements that this was agreed at the summit in June 2012? This is not about asking nicely for Europe to help Ireland; it is about saying that all working people across Europe have paid more than enough to the bankers, the bondholders and the billionaires. The debt should not be paid."@en1
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