Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-05-03-Speech-4-104"

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"en.20010503.5.4-104"2
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". This ‘technical’ debate, is reminder to us all that the euro will be here soon, in less than eight months, and that it does not really look today as though the European public, and even companies, are fully prepared for this great ‘upheaval’. People are going to suffer a tremendous shock, but I am not worried about the final outcome. A currency is merely an instrument that will, admittedly, have consequences for a necessary fiscal harmonisation, but which will, above all, only have real meaning within a Europe that has democratic and effective political institutions, so that the currency is a tool that can be used for implementing political decisions. This is why the forthcoming months will be vital for Europe, first of all with the introduction of the euro on 1 January 2002, the first new Members to join the Union on 1 January 2003, the European elections in June 2004 and lastly, the ‘definitive’ reform of our institutions by the end of 2004."@en1

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