Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-186"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2001-10-03"^^xsd:date2
dcterms:Is Part Of	lp_eu:Growth and Stability Pact – Informal ECOFIN of 22/23 September in Liege2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20011003.6.3-186"2
lpv:hasSubsequent	lp_eu:2001-10-03-Speech-3-1872
lpv:speaker	lp:James (Jim) Fitzsimons2
lpv:spoken text	"Mr President, the tragic events in America have sent severe economic shock waves through the world. No country will remain immune to the economic impact of the horrendous terrorist attacks in America. Those attacks were so severe that it will be some time before the extent of the economic fallout is fully known. We are already seeing the first economic ramifications of 11 September, a day that will be etched on the memory of us all for evermore. Job losses are mounting in the airline industry. The jobs shed at many European airlines will never be filled again. These job losses in turn affect nearly every aspect of an economy. Consumer and investor confidence is waning, the value of global and stock markets is down too. The one encouraging sign is that the euro currency is surviving strongly. We can now all see the importance of the single European currency and the fact that there are 12 currencies participating within the single European currency regime is lending stability to the European economy. There could be nothing worse than having 15 independent floating currencies operating within the European Union at the moment. This would be a recipe for international speculators to come in and play one currency off against another. We all recall the devaluations which took place in 1992, when the international currency speculators played havoc with the European stock markets. Thankfully they are not in a position to do so again now, because we have a stable currency operating in Europe and surviving the recent economic shocks. The terrorist attacks will not affect the timetable for the introduction of euro notes and coins, which will proceed as planned. It is also clear that the European Central Bank and the various national euro changeover boards have done an excellent job in marketing the new euro economy. While I have no doubt that there will be some teething problems, we shall overcome them and by the end of the changeover period the citizens of Europe will be fully cognizant of the value of the new euro notes and coins."@en1
lpv:spokenAs	substitute; Delegation to the EU-Cyprus Joint Parliamentary Committee (1999-09-30--2002-01-14)3,3 substitute; Committee on Development and Cooperation (2000-03-01--2002-01-14)3,3 member; Delegation for relations with the Mashreq countries and the Gulf (1999-09-30--2002-01-14)3,3 member; PETI (1999-09-13--2002-01-14)3,3 member; Committee on the Environment, Public Health and Consumer Policy (1999-07-21--2002-01-14)3,3 member; UEN (1999-07-20--2004-07-19)3,3 unknown; Fianna Fáil Party (1999-07-20--2004-07-19)3,3
lpv:unclassifiedMetadata	"Fitzsimons (UEN )."1

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