Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-16-Speech-2-211"
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"en.20000516.9.2-211"2
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"Mr President, in my opinion, the supplementary question by Mr Purvis was most pertinent, since recently the need for increased economic cooperation amongst the EMU countries has been justified by precisely this weakening of the value of the euro in relation to the US dollar. The reason for the dollar becoming stronger in comparison to the euro is simply that the national economy of the USA is stronger than that of the euro countries. Hundreds of thousands of new jobs have recently been created in the USA, while the number of jobs in Europe has been cut. I would like to ask the Commissioner firstly, whether the Commission admits that the weakening of the euro that has been much thrashed out in public, is a consequence of the infrastructural problems and lack of dynamism of the EU economy, particularly in relation to the USA, and whether he really believes that the kind of Keynesian action as proposed by Mrs Frahm would be the cure for this weakening of the euro, and whether he believes that the Commission will achieve better results in this matter, when the national governments of France and Germany have actually proceeded in the totally opposite direction, and their actions have weakened even further the competitiveness of the euro area. As an example, I refer here to the decisions made by the French Government on working hours."@en1
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