Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-03-Speech-4-125"
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"en.20030703.5.4-125"2
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".
The tightening measures proposed by the rapporteur are at odds with past experience. It appears almost impossible for both Germany and France, the large Member States that have taken the initiative for the euro, as well as for southern Member States with a weaker economy, to observe the Stability Pact's strict requirements. Low taxation combined with the discharging of public debts and the prevention of new budgetary shortages has disastrous effects on social security, public services and the problem-solving capacity of the government in general.
There will soon be no more money available for everything in which democracy requires the government to play an active role. Weak areas become increasingly more dependent on the EU’s structural funds, cohesion funds and the common agricultural policy, and here too, less and less funding will be available, proportionately speaking, in the long run.
The rapporteur is right to want to avoid price increases coinciding with the euro's introduction in the new Member States of the euro zone. In fact, price increases are already a reality, because invariably, the payment of luxury goods and services is already being required in euros instead of the national currencies that are still valid there for the time being. The abolition of small currencies, which is also advocated, will in practice lead to yet further price increases because figures will be rounded up by quite a large margin. It is for these reasons that I reject this measure."@en1
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