Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-12-01-Speech-4-125"
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"en.20051201.30.4-125"2
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".
What, then, does the euro zone have to offer today? The lowest growth rate of the industrialised countries. Unemployment. Increased living costs. Absurd budgetary constraints. A dramatic rise in government debt. A non-existent exchange policy and an overvalued euro. A European Central Bank focused on inflation fears to the extent that it is today preparing to increase its leading rates at the risk of jeopardising economic activity and employment. The euro has caused a great deal of disillusionment and damage, which will worsen if the economies in the zone move further and further apart.
In the wake of the new Member States’ joining the European Union, surveys published in the Western press showed that, while the citizens of these countries were in favour of a membership tying them once and for all to the democracies, they did not understand everything that such membership would involve. A number of them were, and undoubtedly still are, convinced that the shift to the euro was an option and not an obligation.
It is less a question of whether a country can or cannot bring in euro notes and coins as soon as it adopts the single currency. It is more a question of whether its people agree and have understood all the consequences of such a move. It is imperative that they be consulted via referendum."@en1
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