Local view for "http://purl.org/linkedpolitics/eu/plenary/2015-05-21-Speech-4-025-000"
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"en.20150521.3.4-025-000"2
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"Madam President, surprisingly, perhaps, I agree with much of what the previous speaker has said. The long-term economic reality is wholly different from that which is put forward in this document. The fact is that EU regulation hampers the flexibility of labour markets a lot more. As an EU member, the UK has to accept all of the EU’s growth-toxic legislation; and by the way, only 15% of the UK’s GDP is accounted for by EU trade. The EU also imposes alternative energy policies. In direct consequence, electricity in the European Union now costs twice as much as in the United States, and indeed energy prices in the EU increased by 40% from 2006 to 2013. Further, the EU is a protectionist construct. It was set up that way. It inhibits free trade, and one example is that Member States cannot enter into their own trade agreements.
The EU single currency – the euro – defies economic sense, Mr Pons. Spain is in a monetary union with Germany. Greece is in a monetary union with Germany. It does not work. The euro began as a one-size-fits-all currency. It has now become a kind of economic doomsday machine that engenders massive unemployment and the consequent human suffering. Burdensome regulation..."@en1
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