Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-03-Speech-2-107"
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"en.20010703.6.2-107"2
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"Mr President, Mr President of the European Central Bank, ladies and gentlemen, the efforts of all of us, of the European Central Bank and of Mr Maaten, whose report has dealt with practically all the foreseeable questions that could arise when the new currency is introduced, are certainly commendable. Since this is, in any case, a historic event – indeed, hitherto, all the Member States have had to handle currency exchange internally whereas, now, the entire Community will be changing to a single currency – it may be that all the aspects and consequences of the introduction of the euro will not have been foreseen and that some situations – as yet not clearly defined – might arise after the fateful date of 1 January 2002. From this point of view, it is the duty of all of us to endeavour to make contributions which will not just facilitate the transition but also highlight positive or negative aspects closely linked to the event itself.
This is why I feel I may be allowed to focus on three points. Firstly: in the period which remains before the established date of 1 January 2002, information must be must stepped up in the peripheral and decentralised areas, since it must not be forgotten that people in rural areas still practise a form of hoarding under the mattress which must be overcome in this difficult situation. Secondly: after the transition period, during the following decade in which it is laid down that it will be possible to change national currency into euros at Member States' central banks, all the bureaucratic formalities should be reduced in order to allow the poorest people to change small sums of money without any burden being imposed. Thirdly and most importantly: up until the final exchange date, I call upon the qualified intermediaries, particularly credit institutions, to pay greater attention and apply greater rigour to cash transactions. I am sure that organised crime networks amass cash supplies for illegal transactions ..."@en1
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