Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-09-16-Speech-3-045"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2009-09-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:G20 Summit in Pittsburgh (24-25 September) (debate)2
dcterms:Language	"hu"^^xsd:language2
lpv:document identification number	"en.20090916.4.3-045"2
lpv:hasSubsequent	lp_eu:2009-09-16-Speech-3-9992
lpv:speaker	lp:Edit Herczog2
lpv:spokenAs	substitute; JURI (2009-07-16--2009-12-09)3 treasurer; S&D (2009-07-14--2014-06-30)3 substitute; CONT (2009-07-16--2012-01-18)3 member; BUDG (2009-07-16--2009-10-13)3 unknown; Magyar Szocialista Párt (2009-07-14--2014-06-30)3
lpv:translated text	"Five years ago, on their accession to the EU, every new Member State committed to adopting the euro. At present, four of them have already achieved this. The other countries have drifted and are lagging behind in this area due to various economic policy considerations and mistakes, not to mention that the economic and financial crisis has put them in a vulnerable position. The economic downturn has fuelled protectionist ambitions, which threatens to undermine the operation of the single market. The current economic crisis has highlighted the fact that the euro has assumed a prominent role in the close economic ties established with the euro area members, but the States hoping to adopt the euro have now ended up in an extremely vulnerable position due to the protracted preparations. Many believe, myself included, that in the critical currency situation that has evolved, the key to the solution would be to speed up the introduction of the euro for these Member States. However, economic policy conditions must be stipulated for this, but even with the previously stipulated conditions it would still take years for the euro to be introduced. In my view, we should not only check that the convergence criteria have remained unchanged, but that the EU is also handling the regulation governing the time which must be spent in the ERM II exchange rate mechanism in a more flexible manner than it does now. I also think that it is very important to examine how the process for joining the euro area could be accelerated, while fulfilling the conditions which can be fulfilled. This could then stabilise the situation in the affected countries, not to mention safeguard the EU’s entire internal market. Otherwise, the possible international insolvency of the countries outside the euro area may, in a worst case scenario, bring down the euro area with it as well."@en1

Named graphs describing this resource:

The resource appears as object in 2 triples

Context graph