Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-14-Speech-3-159-000"

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"Mr President, let me remind the House one more time of Article 125 of the Treaty on the Functioning of the European Union, which states that the Union shall not be liable or assume responsibility for the debts of a Member State or a public body within a Member State. Neither shall any other Member State. We all seem to have forgotten that and yet, until a couple of months ago, nobody was seriously trying to argue that this policy of massive bail-outs was legal. Now not only have the EU institutions themselves connived in this flagrant disregard for what the dots and commas of the Treaty specify, but our national legal systems are also being made to collude in the deceit. Like the ancient mariner’s crewmates, they are making themselves accomplices in the crime. When a political system departs from the rule of law it de-legitimises itself. A polity that is ruling arbitrarily, that is not following the rule book, forfeits the allegiance of its citizens."@en1
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