Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-16-Speech-2-210"
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"en.20000516.9.2-210"2
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"I do not see any great correlation between the two questions, but I do note that the euro is being taken seriously.
What has happened with the euro? There are many technical explanations as to why we are in this situation. This would require a broader debate, focussing on the starting point, which is the development of economic forecasts and the real economies of each of the areas. It would also clearly concern changes in interest rates and certain other technical elements, such as expiry dates for certain types of issues etc.
The reality is that, by analysing the euro on the basis, fundamentally, of the evolution of the exchange rate, we are making an incorrect evaluation of its introduction. The euro has been a great success, in terms of its introduction, in terms of issuing it as a currency, in terms of the consolidation of an excellent economic situation in Europe and in terms of the forecasts for the future.
It is true that the interest rate is not what we would have liked. We believe that a strong economy means a strong euro. We also believe that the development of growth in Europe will be strong throughout 2000 and, as a result, we will match US growth by the end of this year.
In these circumstances, we believe that the value of the euro will be rising in the coming months. Therefore, despite a certain degree of concern – because that concern exists within public opinion – about the evolution of the euro, we believe that this situation will be corrected and that it should be considered to be temporary rather than permanent."@en1
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