Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-17-Speech-2-076"

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"en.20080617.5.2-076"2
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"Mr President, Commissioner, I believe that thanks to our rapporteur, Mr Casa, we have a balanced report for welcoming the political decision we are going to take: Slovakia’s entry into the euro area. This is the first of the ‘Visegrad’ countries to join the area and I believe that, from a political point of view, it has major significance that needs to be underlined. For the Slovaks, it is the end of one adventure and the start of another. It is the end of preparation and of reaching a position that fulfils the Maastricht criteria. Experience has shown us that once a country joins the euro, the hardest is often yet to come. In Slovakia’s case, we can see that from the point of view of controlling inflation and pursuing balance, and from the point of view of social cohesion and implementing structural reforms, there is still much to be done. To achieve this, I believe the mechanisms we are discussing so that, in future, the Economic and Monetary Union is better able to support and work together on the way Member States use their currency, will be helpful. We will not be changing the much-discussed Maastricht criteria. Nobody has asked for them to be changed, and yet they have to be interpreted, to be examined in a changed context. Economic and Monetary Union is now 10 years old, and we know what is still wrong with it in terms of the balance between economic policy, monetary policy and even its external representativeness. It is this Economic and Monetary Union that Slovakia is joining; it is not the same situation as 10 years ago and we all need to take this into account."@en1

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