Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-05-15-Speech-2-019"
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"en.20010515.2.2-019"2
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"Mr President, in the debate on his report on the broad guidelines for economic policy in 2001, Mr von Wogau advocates the idea that, once the euro coins and notes have entered into circulation next year, the 12 countries that have joined the single currency would form a high-level integration zone that would be called the ‘home market.’ This home market would be managed in accordance with the principles of the social market economy which, as noted in the explanatory statement, were successfully applied in Germany after the war.
I firmly believe that trying to reconcile social justice with the market is a concern shared by all the countries of Europe. All countries should, however, be free to follow the path that is most suited to their character, enhanced by mutual coordination, but the instrument of Brussels should not be used to impose a single formula upon them.
I also believe that there is a huge misunderstanding surrounding the concept of the home market. There is a risk of this expression implying that the European economies are managed by a single political authority. This is not the case today, however, and as for the future, the Treaty of Maastricht makes no such stipulation either. According to the Maastricht model, the single currency, which is managed by the European Central Bank, coexists with many national political authorities. If some countries see matters in a different light, it would be better if they stated this clearly to the public in their own countries before the end of the year and to arrange the necessary referendum."@en1
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