Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-06-01-Speech-4-196"

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"en.20060601.27.4-196"2
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". Here is a new stage in the European Union’s headlong rush forward: new Member States’ membership of the single currency. The Langen report attempts to find a balance between dogmatic adherence to the Maastricht criteria and the Stability Pact, praise for the euro and considerations of good sense about the state of preparedness of the countries or even the euro zone’s capacity to cope with an enlargement which will increase its heterogeneity and, consequently, its difficulties. The single currency has a significant responsibility for poor growth in those States that have adopted it (inappropriate interest rates, disadvantageous exchange rates). It is not necessary to drag new victims into this situation. I wonder, also, whether the citizens of these countries, who only yesterday shook off the yoke of Communism, are aware of the irreparable loss of sovereignty involved in the adoption of the euro? Above all, are they aware that the loss of their national currency was laid down in their accession treaty? Informing them about the practicalities of the transition to the euro in their country is not what we should concentrate on, but rather on consulting them again, by means of a referendum, about the loss of their currency."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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