Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-06-17-Speech-2-083"

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"Mr President, Commissioner, ladies and gentlemen, 10 years after its birth, the euro is an undeniable success and is today one of the pillars of trust for citizens in the European project. I therefore welcome the enlargement of the euro area. Following on from identical decisions regarding other states, it will now extend to Slovakia. However, in mentioning the 10th anniversary of the euro, we must include the lessons learned along the way, lessons on the sustainability of the process and on the impacts on real convergence that are linked to the single currency. Perhaps there is some scope for improving application of the accession criteria and perhaps thought should be given to the sustainability and robustness of the process for old and new members. In the case of Slovakia, the 17% revaluation of its currency, albeit planned and in line with the Treaty criteria, gives food for thought. As I said, these questions deserve a serious debate in which the European Parliament must have an active voice, and the Socialist Group’s wish is for the euro to contribute to more than just financial stability. It must also be an instrument serving to boost the Union’s real convergence, employment and progress. We shall suggest continuing this discussion in more depth during the EMU@10 debate, that is to say the celebration of ten years of the euro. For the time being, I should just like to congratulate the rapporteur and shadow rapporteurs and recognise and praise the extraordinary efforts undertaken by Slovakia, its Government, and the social partners, and the success they have already achieved. I hope they will be successful in their forthcoming participation in the single currency project and my very best wishes to them in exactly this regard."@en1

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