Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-09-20-Speech-3-041"

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"en.20000920.4.3-041"2
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"Mr President, the excessive rise in the price of oil is not without its causes, but there is a risk that, because of its own large share of responsibility for these causes, Europe will not take account of them. The prime cause is the increase in production prices due to the oligopoly carefully organised by the oil-producing countries. The short supply of oil has been exacerbated by the sanctions against Iraq, the unjust and immoral continuation of which may be in the interests of the American oil companies but is contrary to the interests of Europe. The second cause is the depreciation of the euro and, therefore, of all the participating European currencies. It was valued at USD 1.18 when it was launched. It is now valued at only USD 0.85. We were promised a strong currency. It was a lie, and now we are having to foot a much higher bill. The third cause is the excessive, even insane, taxation practised by the Member States, and this proto-socialist policy has been continued, if not actually initiated, by conservative governments. It is maintained under pressure from green organisations which are hostile to the motor car because it represents freedom for the individual. It is taxation of this kind which multiplies the increase in farm gate prices by a factor of 3, 4 or 5. The alignment of our foreign policy with that of the United States, the depreciation of the euro as a currency and the increase in taxation due to pressure from green campaigners are the three causes of the increase, which we deplore but for which our institutions bear a very heavy responsibility."@en1

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