Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-05-Speech-2-129"

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"en.20050705.23.2-129"2
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". The British Conservative delegation normally abstains on matters concerning the Euro. We have no desire to be part of the single currency but neither do we have any wish to for the project to fail, as we hope to see a strong European economy with a stable currency that provides a good trading environment for British industry. Therefore we are usually content to leave the operation of EMU to those who are most concerned. Nevertheless, we cannot accept this report. The problems that the Euro faces have not arisen because of a failure of communication, and where the Euro is unpopular it is not because the public has been inadequately informed. The Euro will only revive in the minds of the public when the necessary economic and structural reforms promoted by the Lisbon strategy have been undertaken, and when the Stability and Growth Pact works in an effective way. As the report notes, at least €280 million has already been spent by European institutions on this, apart from that which has been spent by national governments. Institutional expenditure of this kind is not acceptable."@en1
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