Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-06-07-Speech-2-334"
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"en.20050607.29.2-334"2
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".
Mr President, this report calls for tight controls on the reporting of cash entering or leaving the European Union Member States. It is introduced under the convenient guise of the prevention of organised crime, terrorism and money laundering, but what is its real motivation?
An obligation to declare or disclose cash movements could easily be changed to impose an actual limit on the movement of money out of the European Union. Yesterday in this Chamber I spoke of the certainty of the eventual failure of the European single currency. It is obvious that the proposals in this report anticipate a future crisis of confidence in the euro. When that happens the European Commission and European Central Bank will want to prevent the movement of money out of the eurozone. To include Britain in these restrictive measures is to couple insult with injury. It is yet another reason, if one were needed, for Britain’s unconditional withdrawal from the European Union."@en1
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