Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-15-Speech-3-016"
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"en.20101215.5.3-016"2
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"Mr President, 2010 will be remembered as the year when the deep flaws in the euro project were exposed and the public in Europe woke up to the sheer stupidity of their leaders.
So here we have another summit, another crisis, confidence in the euro ebbing by the week. It is like watching a slow-motion car crash and now you want a permanent bail-out mechanism. You think that, if you have a fund of say a billion euros, all will be well. Well it will not be well. The failure of the euro is nothing to do with speculation. It is nothing to do with the markets, be they currency or bonds, it is because the North and the South in Europe cannot today, or at any point, be put together in a single monetary union. It will not work.
And politically, of course, you have to change the treaty. The reason being that the four German professors will win at Karlsruhe and prove that the bail-outs you have put in place already were in fact illegal under the treaties.
Well, in many ways I welcome this treaty change because it will mean that there has to be a referendum in Ireland. And you never know, David Cameron might even keep his promise and hold a referendum in the United Kingdom. I am sure that, as democrats, you would all welcome a referendum on the EU in the United Kingdom.
We should also reflect at the end of 2010 not just on the state of the Union, but on the state of Belgium. For six months the Belgian Presidency-in-office have sat here telling us we must integrate more deeply. What a farce this is. You have not had a government in your own country since June. Here we have a non-nation trying to abolish our nation. It truly is an absolute farce but nobody here dares to admit it because you are all in denial. Belgium is a microcosm of the entire European Union. Belgium is about to fall to bits and the rest will follow. Happy Christmas, everybody."@en1
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