Tip:
Highlight text to annotate it
X
Daul: In the wake of this crisis, we've seen the drama it's caused in families, in companies..
..and i think we should not talk about symbolic steps.
We have to understand that the states have some responsibilities and regardless..
..of their size, they have to respect budgetary limits.
The second lesson we have to draw is that European solidarity will only work..
..if, and only if, social and fiscal rules are at least comparable.
Not necessarily identical, but at least comparable, and that is far from being the case.
The third lesson is that Europe has to have some sort of Stability mechanism to protect our..
..social market economy.
The fourth and final point is that through out this storm, we have held together well..
..and European integration is strenghtening.
Schulz: Moody's the rating agency has today put Greece below Egypt, and Belarus..
..in it's ratings, and below Vietnam, just three days, conveniently before an EU Summit.
They always do it exactly then, or in and around this time.
What Moody's said, and people do pay attention to them..
..is that Greece is not going to be able to generate growth because there cannot be any investment..
..at the rates currently involved.
So a 'haircut', look at me.....and let me tell you, a haircut is not going to solve all..
..problems. on the contrary.
The credit burdens of a land can increase if those who issue credit are going to lose investment,
thats why we need a rescue mechanism, and why we needed to save the Euro..
..Thats why the pact is a reasonable approach in itself.
Verhofstadt: 'Pact' is a bad word. A pact is an agreement between states. We don't..
..need an agreement between the states. We need a community act, an initiative at EU level..
not a pact between member states which is of an intergovernmental nature,
so the word pact is not being properly used here.