Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-24-Speech-2-305"
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"en.20061024.33.2-305"2
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"Mr Paleckis, on signing the Accession Treaty, the ten Member States that joined the Union in May 2004 agreed to adopt the euro as soon as they complied with the necessary conditions. These countries, and Sweden – which we have just discussed – are expected to implement policies in order to ensure compliance with those conditions. Nevertheless, as I said in my previous reply, the Accession Treaty does not set any time limit for achieving this.
Many of the new Member States have adopted target dates and strategies for adopting the euro, thereby giving concrete form to their political commitment through firm convergence policies.
Responsibility for implementing those policies lies with the Member States, for which the application of stability policies contributes to a broader objective than simply compliance with the convergence criteria for adoption of the single currency. Those policies are also necessary in order to guarantee high and sustained growth, as well as medium-term financial stability.
Although the Commission supports the efforts of the Member States with derogations with regard to joining the euro zone, it is not possible to predict the pace at which that enlargement of that zone will take place. The Commission believes that achieving a high degree of sustainable convergence, in accordance with the Treaty, is a necessary condition in order to make the adoption of the euro a success, both for the current members of the zone, and for future members."@en1
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