Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-086-000"
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"en.20111130.14.3-086-000"2
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"Madam President, there is no doubt that, other things being equal, the European Council would indeed like to maximise economic growth throughout the Union, but decision-taking involves not just what we would like, but the priority we give to each desired end.
I am afraid the European Council has greater priorities: to preserve the eurozone and fiscal and political union as ends in themselves, as well as to save the euro. The whole current debate about bailouts for Greece and other countries is as though the purpose were a charitable one. It is not. It is not about providing help for the Greek economy, but about sacrificing the Greek economy for the integrity and prestige of the eurozone.
If Greece and other ailing countries were allowed to withdraw from the zone and revert to their own currencies, the value of those currencies would fall, reducing the price of their exports – visible and invisible – such as tourism, and bring about an export-led boom. Whilst their debt burdens would increase, there will be default anyway, inside or outside of the zone."@en1
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The resource appears as object in 2 triples