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" "Socialism had defeated her brand of ultra-liberal economics. ... [Margaret Thatcher believed that] the law of the market could be applied in the place of politics. She underestimated the dignity and grandeur of politics, which is an attempt to combine, an attempt to convince, an attempt to listen to others, to try to find a society which is not better but less bad than the one in which we live today.
Jacques Lucien Jean Delors (20 July 1925 – 27 December 2023) was a French politician who served as the 8th President of the European Commission from 1985 to 1995. He served as Minister of Finance of France from 1981 to 1984. He was a Member of the European Parliament from 1979 to 1981.
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[I criticise those] countries that used currency devaluation as a lever to win jobs. I would refer you to one member state of the Community without name it. Those who devalue in an extreme way will find health at the expense of the rest of the Community. It's like three people shipwrecked—one person floats for the sake of the other two going under.
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It is not sufficient to have a strong economy to influence events. You also have to political and military power. ... A community limited to a big market refusing to resume its responsibilities and ambitions in the world will not be peaceful, will not be able to assure its children that they will live in security. [If Europe is to have political personality it would have to have] a common foreign policy in certain domains and military co-operation that will lead, before 1995, to the creation of a multilateral rapid intervention force.