Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-215"
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"en.20100615.24.2-215"2
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"Mr President, no country has been so disadvantaged by the bail-outs as Ireland, and no people has been so hard done by as the Irish. The Irish Finance Minister, Brian Lenihan, made all the right decisions. Every Irish public servant from the Taoiseach to the lowest civil servant, and even the recipients of unemployment benefit, have tightened their belts and taken huge cuts in income. Now they find that, if they had made none of those painful decisions – if they had just carried on spending – they might have qualified, like the Greeks, for a bail-out of their own and, worse than that, they discover that they are obliged to participate in rescuing Greece. In fact, not only that, but they discover that in per capita terms, Ireland is making a greater contribution than most of the other eurozone members.
Every orthodox economist would suggest that what we need to do at a time like this is to allow some of the eurozone economies to print their own currencies again, to devalue, to buy themselves time to price themselves back into the market. Instead, we are condemning the peoples of southern Europe to years of poverty and deflation and loading the taxpayers of northern Europe with an enormous debt, all in order to save a few faces. Surely we have the most expensive faces since that of Helen of Troy, which launched a thousand ships!"@en1
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