Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-24-Speech-2-304"

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"en.20061024.33.2-304"2
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"Question no 53 by Justas Vincas Paleckis () It is common knowledge that all the new Member States that joined the European Union in 2004 made a commitment to participate in European monetary union. Last year it was observed that more and more of the new Member States are postponing entry into the euro zone to a more and more distant date, often not even predicting when they will fulfil the convergence criteria. It is difficult to deny that, given the rapid development of the new Member States’ economies, some of the conditions laid down for the convergence criteria (for example, inflation) will not be met for quite some time. In this situation, it is hardly likely that strict artificial conditions, which would only disrupt economic processes, are vital to lowering inflation. Euro zone candidates greatly appreciate Commission consultations, which help Member States to attain the criteria for monetary union more quickly without harming the economy of the country in question. Besides country consultations, what additional measures does the Commission intend to take given that it is becoming increasingly apparent that, for various reasons, some of the new Member States will not be able to meet the strictly applied conditions for entry into the euro zone for some time to come? How does the Commission view the euro zone’s prospects for expansion in terms of time? How would the Commission react if any of the new Member States sought to postpone adoption of the euro until after 2013?"@en1
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"Subject: Euro zone integration"1

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