German Bundestag, Plenarprotokoll 20/58,
p. 6461.
Frau President. Right
honorable ladies and gentlemen.
The EU states are indebted far beyond the Maastricht criteria.
This was in the year 2019, well before Corona. The numbers: Over 10 trillion
euros, which corresponds to a debt ratio of 84 percent, instead of the required
60 percent consistent with the treaty.
In 1997, the stability and growth pact was decided on in the
EU. Parallel to this, the manipulation of Greece’s debts situation, which was
to make the country capable of accession, was known. The corresponding dossier
on this manipulation still lies under lock and key at the ECB, although
complaints were made; that has come out. The contradiction between treaty
obligations on one side and the action of governments and states on the other
side is since then the red thread of debts policy, and this benevolent
consideration which we have just heard is an irony.
The 2008 financial crisis in the EU was principally a state
debts crisis. Thus in 2012 a fiscal pact was concluded which obligated all
treaty partners to create domestic regulations to prevent overflowing debts. Since
then, the legal framework of debts policy is screwed around with until it is past
recognition.
The consequences of that: France has debts of 113 percent,
Spain of 118 percent, Portugal of 127 percent, Italy of 150 percent and Greece
of 193 percent of gross domestic product. Wise heads in the Center for European
Policy and at the Bundesbank state: Many members have never made the debts rule
their own. Hundreds of violations have been committed by the states. That is
around half of all possible treaty violations. The organs of the EU have
imposed not one sanction – in regards this number of violations, ladies and
gentlemen.
The CDU motion describes in numeral 1, letter a, a correct
goal and it names many correct specific requirements, possibly in letters b to
f. Yet it will surely find no majority in this house; it does not concern us.
If it were found, it would not be enforceable in the EU. If it were enforceable
in the EU, a majority of the member states would not adhere to it. That is your
problem.
France, Italy and their retinue in southern Europe, which
have a broad majority in all organs of the EU, from the Commission through the
ECB to the EuGH [European High Court], because for example Cyprus and Malta have
the same vote weight as Germany and the Netherlands, want the opposite of what
the CDU motion wants. All of the “Club Med” states want the debts union and we
are thereby at the crux of the matter.
At the beginning of the 90s, Mitterand spoke of the D-Mark
as the Germans’ atom bomb. He said to Margaret Thatcher, I cite: Without a
common currency, we are all, you and I, subject to the will of the Germans. – Therefore
were Lagarde, who was a French minister prior to her ECB office, and Trichet,
who previously was counselor to Giscard d’Estaing, sent into the running – we have
left our candidates standing in the rain – and Draghi manages a limitless and
illegal state financing of Italy by means of the ECB. That is the neutrality of
the ECB for which you of the Union strongly stand, as you to this day write.
We thus have in Germany not only a migration policy, a
foreign and defense policy, an energy policy and a debts policy bankruptcy but
also a euro policy one. That is the result of the years-long policy of all
parties in this house. We therefore require a new one.
[trans: tem]
