Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-12-02-Speech-4-018"

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"Mr President, Commissioner, we remain convinced that the euro is a good thing. The euro is not a goal in itself, but a means to serve the European citizen, a strong economy, employment and the international status of the European Union. It is a means to promote more stability, more transparency, more clarity, more convenience of payment, more saving options and better investment opportunities. I will not repeat what the honourable rapporteur has already stated as to how we need to tackle the changeover of national currency units to euros in practical terms, but I would like to make two observations regarding her report. Firstly, the euro probably has only one drawback, namely the inevitable transitional period; that is to say, all the adjustments required to fully integrate the national currency units into the new tender. If we wish to limit the damage, then it is indeed important to keep the period of dual currency circulation to a minimum. If it is based on sound framework measures, there is no need for initial hesitation before taking the final and definitive step towards the euro. I therefore back the technical measures proposed by the rapporteur. I would congratulate her on the level of clarity displayed. Secondly, we are responsible for keeping the attention given to, and interest in, the euro alive. The present situation is not conducive in this respect. The introduction of the euro on 1 January this year enjoyed a great deal of attention, even a certain euphoria, but it all went quiet after that for the single currency. The euro is still too far removed from the European citizen. It is still a while before 2002, when the euro will be introduced as actual currency. This is too long according to public opinion. The appetite has gone. Moreover, this interim phase creates far too many insecurities. In short, we need to be able to maintain our belief in and enthusiasm for the euro during the warming-up stage as well, although ensuring at the same time that people do not lose interest before the euro actually takes off. After all, the euro needs to remain a success and we need to make every effort to achieve this."@en1

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