Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-03-Speech-4-126"
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"en.20030703.5.4-126"2
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".
Everything is for the best in the best of all possible worlds! This is basically the attitude of this report on the international role of the euro zone.
Whilst everyone is concerned at the euro’s appreciation towards the dollar – a phenomenon that heavily penalises our exporters – whilst some are wondering about the criteria for interpreting the stability pact, and whilst the Commission is stepping up its threats against States that cannot meet the overwhelming constraints imposed by Maastricht, the rapporteur talks about the euro as a major success for European integration, which will lead to greater prosperity and to a European identity, and cannot see beyond the independence of the Central Bank and the policy of price stability. In his opinion, the euro is so successful that a single representative for the euro zone should even be appointed for the international political institutions!
In short, the European Parliament has once again allowed itself to be carried away by an ideological and demagogic interpretation of the observable situation. This is all quite mind-boggling and shows unbelievable short-sightedness where the economic reality is concerned.
This report is irrelevant and I shall, of course, vote against it."@en1
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