Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-14-Speech-1-148"
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"en.20100614.23.1-148"2
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"Ladies and gentlemen, the day after tomorrow we will be voting together on the report of the European Parliament supporting Estonia’s accession to the euro area. Then it will be a little less than a month before the Council’s official decision. For Estonia, joining the euro area is the next transitional milestone in the European Union’s integration process, and accession is a natural part of the wise budgetary policy that has been practised in Estonia over a number of years. As early as the start of the economic crisis, our society realised that the challenges arising from the crisis required a completely new approach and a rethinking of many of the policies that had been pursued up to that point. Specifically, this meant several budget cuts in 2008 and 2009.
Accession means that the efforts made in recent years were correct, and the developments of recent years have also shown how important it is to have credible statistics and to avoid double standards. I am sure that Estonia will continue its very appropriate, transparent and reasonable fiscal policy in the future. We have realised that, in a small country with an open economy, there is no other option. Estonia’s accession is a positive sign to the whole of Europe. We have faith in the single currency as a reassuring light at the end of the tunnel in the complicated economic situation we face in Europe today.
I believe that once Estonia has joined, the euro area will have a member which understands the rules of the game, and which will be useful in strengthening monetary union and the single currency. For my part, I wish to thank colleagues, namely the rapporteur, Edward Scicluna, and the shadow rapporteurs for their substantial work. I would like to assure you that Estonia is ready to join the euro area. Thank you."@en1
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