Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-11-15-Speech-3-233"
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"en.20001115.10.3-233"2
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".
Mr President, I shall try to answer both points quickly. First of all, it is a fact that we have an internal euro effect and an external euro effect. In overall terms, the euro effect must be seen as a total, absolute success: we have managed to improve growth, improve the conditions for stability in our economy, we have managed to keep inflation down to a relatively low level despite the risks we are facing, and we are achieving the basic objective, which is to keep inflation under control.
From an external viewpoint, it is true there is a problem – and indirectly I am answering Mr Nogueira – which is, we must not forget, that savings in Europe are much greater than in the United States. Part of these European savings are allowing European firms to go abroad and become international; in some cases they are European investments produced abroad, and in others still they are just countries or issuers that act in Europe, where they can raise funds better and then transfer them abroad.
But to answer your actual question, what are we going to do? In 1999, we set in motion a number of specific programmes in cooperation with Parliament to publicise the euro as thoroughly as possible. I always say that the euro will not be introduced on 1 January 2002: the euro is already in our pockets; we have it in coins of different guises, but we already have it in our pockets. Now that particular point needs working on. Whereas in 2000 we have devoted more attention to small- and medium-sized enterprises, 2001 must be the year of the people. We are doing this in cooperation with the Member States, which are responsible for the specific euro changeover programmes. Parliament is taking part (remember the meetings held on 23 and 24 October), and for our part what we are doing to help the Member States make progress and achieve this visibility that we all want is to inform Ecofin every month. You too are receiving this information on the current situation of each plan for changing over to the physical euro in each of the Member States, so that everybody can choose the best practices in one country or another and we can all make as much progress as we can together and achieve the best possible results before the end of next year."@en1
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