The official emblem of the European Parliament. (Photo credit: Wikipedia)
English: Hemicycle of the European Parliament in Strasbourg. Barroso giving speech, bottom left – front row. Borrell in the chair. Finnish Prime Minister as President-in-Office, front row opposite Barroso. Türkçe: Strazburg’daki Avrupa Birliği parlementosu (Photo credit: Wikipedia)
Flag of the European Parliament 1973-1983. Later replaced by the common European flag. (Photo credit: Wikipedia)
Oli Rehn’s speech is well worth a read. Check it out!
via EUROPA – PRESS RELEASES – Press Release – Speech: Statement on Cyprus in the European Parliament.
Personally, I believe that because of Germany and the IMF, the terms of the Cyprus bailout were unnecessarily harsh. However, I was encouraged by this speech, especially the offer to help Cyprus back to growth.
For me, greater European focus on growth is overdue. As I have indicated many times on this blog, I still believe that Southern Europe needs a Marshall Plan to stimulate investment.