Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-14-Speech-1-162"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2010-06-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Adoption by Estonia of the euro on 1 January 2011 (debate)2
dcterms:Language	"et"^^xsd:language2
lpv:document identification number	"en.20100614.23.1-162"2
lpv:hasSubsequent	lp_eu:2010-06-14-Speech-1-1642
lpv:speaker	lp:Kristiina Ojuland2
lpv:spokenAs	substitute; DROI (2009-07-16--2012-01-18)3 unknown; Eesti Reformierakond (2009-07-14--2013-10-22)3 substitute; Delegation for relations with Switzerland and Norway and to the EU-Iceland Joint Parliamentary Committee and the European Economic Area (EEA) Joint Parliamentary Committee (2009-09-16--2010-11-21)3 member; AFET (2009-07-16--2012-01-18)3 member_of_the_bureau; ALDE (2009-07-20--2014-06-30)3 member; Delegation to the EU-Russia Parliamentary Cooperation Committee (2009-09-16--2014-06-30)3
lpv:translated text	"I thank the rapporteur, Edward Scicluna, for drafting the report supporting Estonia’s accession to the euro area. I am very pleased that Estonia’s efforts to meet the Maastricht criteria have been duly recognised, and I hope that colleagues will support the report in Wednesday’s vote. The adoption of the euro in Estonia on 1 January next year will take place at a crucial time for the entire euro area. The global economic and financial crisis exposed those Member States which have systematically evaded the jointly agreed criteria, and which have thereby jeopardised the other Member States’ economies. This crisis is extremely enlightening, and it is especially important that all the Member States in the euro area, as well as the European Central Bank, are diligent in making sure that the Maastricht criteria are always fulfilled. The criteria become essentially meaningless if Member States are allowed to deviate from them and get a free ride at others’ expense. Although a precedent has been created, we cannot rely on rescue packages to compensate for the irresponsible economic and financial policy decisions of Member States. The Estonian Government has had to make several difficult, but necessary decisions in order to stabilise the national budget and stop the economic decline. Estonia’s imminent accession to the euro area is testament to the fact that the government’s action has borne fruit. I hope that the other Member States are also ready to adopt measures which will guarantee European economic and financial sustainability and competitiveness, taking into account the structural changes taking place in the global economy. Estonia’s accession to the euro area sends an important and reassuring signal and gives us reason to believe that the single currency, with its recent trend of decline, will soon stabilise."@en1

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