Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-03-13-Speech-2-055-000"

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"Mr President, I think time flies quicker than the Councils are able to meet. On the economic crisis, nearly everything has been said but actions – as we witness here – are not considered to be sufficient. We obviously need both consolidation and growth, but we should practise growth and not preach. You can decree austerity and sanctions but you cannot decree growth. This debate reminds me of the Realsozialismus debates and decreeing growth in the so-called Socialist countries. First, we have to mutualise debt and then to create growth bonds – not stability, not project, but growth bonds – using the EIB EIF facility. But we tend to forget the context of the crisis which is, first, collective fatigue, the fading away of political will and a rise in national egoism. Secondly, nationalistic sentiments, such as the Wilders Internet site, appear, along with the risk of spreading this nationalism all over Europe in this time of crisis, violating the fundamental values and freedom of movement in the European Union. Third comes the collateral damage this crisis is doing to foreign policy, which is getting weaker and weaker, and to the risk of Schengen being dismantled. The fourth risk, in this context, is double standards being applied. Greece: an admirable saving operation to be applauded, not only for economic reasons but on the grounds of solidarity, and also for geopolitical reasons, because Greece is the eastern flank of the Union – but the worst economic performer in the Union today. At the same time, we have a different standard being applied to Hungary, which, having being left by the Socialist government of Gyurcsány with an economy in a catastrophic state, has made courageous efforts to reduce debt and has been blindly punished by President Barroso’s Commission. Today, Spain is getting concessions to lower its deficit target: 0.25 for Hungary is punished while a +1.4 deficit target for Spain is rewarded. What signal does this send to the sinners and the reformers? Is it the difference between being in the euro area and outside? This is not a coherent policy."@en1
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