Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-17-Speech-1-085"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-11-17"^^xsd:date2
dcterms:Is Part Of	lp_eu:EMU10: The first 10 years of Economic and Monetary Union and future challenges (debate)2
dcterms:Language	"sk"^^xsd:language2
lpv:document identification number	"en.20081117.21.1-085"2
lpv:hasSubsequent	lp_eu:2008-11-17-Speech-1-0862
lpv:speaker	lp:Vladimír Maňka2
lpv:spokenAs	substitute; ECON (2007-01-31--2009-07-13)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2007-03-14--2009-07-13)3 member; PES (2004-07-20--2009-07-13)3 member; BUDG (2007-01-31--2009-07-13)3 unknown; SMER-Sociálna demokracia (2006-04-10--2009-07-13)3
lpv:translated text	"In connection with the financial crisis in recent weeks the inhabitants of Europe have seen how the Member States in the Euro Zone are better equipped to cope with large disruptions. People also see this in my own country, Slovakia, which joins the Euro Zone on 1 January. The financial investors and speculators from the currency markets already consider us to be part of the Euro Zone. It no longer pays to speculate with our currency, since we have established a fixed conversion rate. At the same time, the currencies of our neighbouring countries are falling. Speculators see in them a level of risk which they do not wish to incur, due to the crisis on the financial markets. Some currencies have fallen to their lowest levels in years. The adoption of the euro for a small and open economy shields entrepreneurs and inhabitants from fluctuations in the exchange rate. Even the inhabitants of the country with the highest level of employment in the world, Denmark, which has long had one of the highest levels of competitiveness and highest standard of living in the world, have discovered that if they were members of the Euro Zone they would have more favourable rates of exchange and they would be better able to tackle the current global problems. The same also applies to Sweden, of course, which we have been discussing here today. Perhaps now is the right moment for them to reassess their entry into the Euro Zone. The criticism has been raised today by a colleague from my own country that the Slovak government is drawing up measures for strengthening the framework of regulation and supervision. I would like to draw his attention to a resolution of the European Parliament, which recently asked the Commission to propose measures for strengthening the framework of regulation and supervision across the entire EU. There is no other way. That is why a majority of MEPs from various political groups voted in favour of this option. I would like to end by congratulating both rapporteurs for an excellent report."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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