Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-05-Speech-2-131"

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"Mr Maaten’s report is, to say the least, surprising. It appears to be an attempt to assess the successes and failures of the euro only slightly more than six years after its introduction. According to the report, the euro and its accompanying Stability and Growth Pact have been a complete success. The only failure has been communication: as usual, it is the Europeans who have missed the point! The solution being proposed is a vast information campaign, or rather an exercise in brainwashing on a continental scale. A Potemkin policy! Did the euro cause a substantial rise in the cost of consumer staples and therefore a severe loss of consumer purchasing power? Or was it an optical illusion? The policy of austerity required by adoption of the euro has reduced economic growth by one percentage point each year and cost thousands of jobs, making the eurozone the world’s least dynamic economic region. Nonsense! The euro is synonymous with growth and prosperity. Anything wrong is the fault of the Member States concerned. The Eurocrats of Brussels are, on the other hand, infallible. It was precisely that type of attitude, a mixture of lies and contempt for the people, which led to the rejection of this Europe of the technocrats."@en1

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