Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-09-14-Speech-2-080"
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"en.20040914.7.2-080"2
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"Mr President, I would like to comment on the issue of competitiveness because it is very important in Europe today. Most people have little trust in the EU and that often arises because we do not show the right kind of qualities to the people in terms of our deregulatory attitude. We do not have sufficient fiscal discipline in our countries. We do not look at taxes which encourage people rather than discourage them, and although the currency has been debated elsewhere this week, the issue of discipline within currencies is of critical importance in a very competitive world.
We in the UK are not members of the single currency. I see no reason for us to be members but we still have an interest in the success of the single currency in Europe. We also need to be concerned in our own country with sterling, and indeed with all the other major currencies of the world. We cannot simply sit back and allow these matters to develop in a random way. To set a good example to new Member States aspiring to join the single currency, it is important that the Member States which are already members of the single currency demonstrate the necessary disciplines and controls.
I wish the currency well, but it is essential that we remember that we are now dealing with a world that is full of other countries with developing economies, in Asia and in China, countries that are not going to wait, countries that are very disciplined indeed when it comes to their fiscal arrangements and the currencies in which they operate.
There is no alternative. A policy of that kind best serves the citizens of all the countries of Europe who look to their governments to provide them with continued good quality of life. My message is that fiscal responsibility is the key component in meeting those needs."@en1
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