Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-09-Speech-3-041"
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"en.20080709.2.3-041"2
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Madam President, thank you for an extraordinarily interesting and stimulating debate. It shows that there is broad support for the thinking and conclusions we present in the report. I also want to thank you, Mr Juncker and Mr Trichet, for the good answers you have given. You respond in a way which gives the impression that you will also take on board the views and ideas we have put forward here.
Finally, let me contribute my own experiences as a politician in the somewhat less populous country of Sweden in the north. I was a Member of the Swedish Parliament and its finance committee during the 1990s, when Sweden ran into an economic wall. Experiences in politics are salutary, my friends. Those of you who believe that inflation and an unstable monetary policy will help the people who need our support most are wrong. You are wrong! As a member of the finance committee, I witnessed how the Swedish interest rate reached levels which no one could have imagined: 500%. In the 1990s, just as Mr Juncker says, we got mass unemployment, rising inflation and stagflation. I remember those experiences vividly, and they have led me to hope that my own country, Sweden, will enter the euro zone and participate fully in European cooperation.
As our colleague, Mrs Kauppi, said and Mr Trichet repeats
believed that the euro would be the success that it has been. I think that proves the value of European cooperation.
Mr Juncker, you said that the ECB acts with grace and determination. I think that was a good phrase. Let me offer my thanks for a good debate. I am also grateful that, as somebody who stands outside the euro cooperation system, I was given the task of drawing up this report."@en1
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