Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-23-Speech-4-358"
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"en.20090423.62.4-358"2
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"One of the measures given in the statement issued by the International Monetary Fund on opportunities for the EU's Central and Eastern European countries to exit the crisis more swiftly is the introduction of the euro. This is proposed for countries which have currency boards. In Lithuania the litas has been pegged to the euro at an unchanged rate for four years, which is twice as long as the currency board mechanism requires. We should also reduce the exchange rate mechanism period to one year for other non-euro zone countries. The economic slump in the EU and throughout the world calls for novel, speedy and creative decisions and compromises, all the more so because in the ten years of the euro’s existence, not one euro zone country has implemented all of the euro zone criteria and requirements, the Maastricht criteria."@en1
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