Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-20-Speech-4-188"
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"en.20081120.23.4-188"2
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"The June List believes that it is very important for Member States in the European area to be in a good economic position and is in favour of an independent European neighbourhood policy.
However, we believe that a common European aid system for medium-term financial assistance provides neither a guarantor nor a solution for that not being the case. Such a system creates an unnecessary and bureaucratic procedure in which those Member States requiring help in reality become dependent on EMU countries with outsider-imposed requirements for ‘political and economic measures’. Countries that are members of the European Union – as they should be – but are not members of the monetary union – as they should not be – are forced to keep a fixed exchange rate with the euro and thus with their most important trading partners. We therefore believe that it is unsound for countries that are not members of the monetary union to choose to fix their exchange rate and then need to be rescued by large regional and/or international bodies.
The June List is therefore of the opinion that the appropriation of EUR 25 million to support Member States’ balances of payments is unnecessary. We believe instead that those countries that are members of the EU but have not joined the monetary union should maintain a regime with a floating exchange rate. This type of problem will then disappear and taxpayers will save EUR 25 million."@en1
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