Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-04-Speech-3-161"

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"en.20010704.3.3-161"2
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". Despite the negative position that we adopted when the single currency was created, not only due to issues of sovereignty, but also because of the potential economic consequences of a State losing control over monetary and exchange-rate policy, with the resulting consequences for employment, as well as the philosophy underlying the Stability Pact and wage moderation, we feel it is crucial that closer attention be paid to this preparatory phase for the introduction of the euro. We must create macro-economic mechanisms to minimise costs and, in terms of the transition period, the workers and the small and micro-enterprises must not be the ones who ultimately pay for the introduction of the euro, either through an artificial increase in prices or through the costs of the whole process and the attempts at abuse and fraud that could take place over that period. It is particularly important to give effective support to the crucial role of traditional trade in enlightening the public, because these traders are closest to the people. They are a key factor in the entire process of replacing national currencies with the single currency, which requires an extra effort in addition to all of the enormous changes, specifically in terms of accounting, internal and external documentation, IT, etc."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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