Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-07-Speech-3-046"
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"en.20080507.11.3-046"2
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"The creation of the Economic and Monetary Union (EMU) has determined not only the construction of a simple free trade area at the level of the Union, but it has also given the Union more political power at international level, has imposed the criteria that have led to the reunification of the continent and the appearance of the single currency – the euro, which is able to compete with the American dollar.
The EMU advantage is that it has ensured low inflation and interest rates to the benefit of consumers and enterprises and has encouraged the solidity and viability of public finance, while the introduction of the single currency has led to the disappearance of the costs related to foreign exchange, and has facilitated trade and the equivalence of prices in the countries that presently represent the Euro Zone.
At present, Europe prepares to celebrate one decade since the adoption of the single currency and, even if the EU’s southern states have dealt with a series of difficulties following the adoption of the single currency, the authorities have not complained yet. The analysts’ explanation is that, despite the changes on the Unites States financial market, Europe has remained stable. I would also say that the success of the euro can be proved by the fact that the Danish, who initially refused the introduction of the single currency, now want the euro.
For Romania, the introduction of the euro remains an important objective at present and important efforts are still necessary in order to meet the convergence criteria and increase the competitiveness of Romanian companies on the single market."@en1
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