Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-11-20-Speech-2-440-875"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20121120.28.2-440-875"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"−
This report contributes to the mystification of the debate on the Economic and Monetary Union (EMU) and the euro, concealing the responsibilities of the majority who approved it. The reality here demonstrates that, contrary to the propaganda surrounding the euro and the EMU – and the EU itself – these instruments have not only been shown not to be a shield against the crisis or a weapon with which to confront capitalist globalisation, but also have very clearly shown their instrumental nature in the accumulation of profits by capitalist monopolies. There is no solution nor reform possible for the EMU. Strengthening the EMU will lead to greater destruction of the manufacturing bases of countries with weaker economies and will enhance production deficits that will generate greater budgetary deficits and growing public debt. What is required is an immediate radical change in its statutes and guidelines, as well as the fake regime of independence of the European Central Bank (ECB), to guarantee the equitable participation of States represented on its board, in order to ensure, firstly, effective political control of the ECB by Member States and, secondly, the control of each participating State over its own national central bank and its national monetary policy, with a view to promoting economic growth and employment."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples