Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-250"
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"en.20100616.24.3-250"2
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"At a time when the detractors of the euro are having doubts about the viability of the single currency, the Union is showing yet again that this project remains strong and on course, retaining all its capacity and attraction for new Member States. Since Estonia has fulfilled all the Maastricht criteria laid out in Article 140 of the Treaty on the Functioning of the European Union (TFEU) and Protocol (No 13) on the convergence criteria annexed to the TFEU, there is no reason to delay this Baltic state’s adoption of the euro.
It should be noted that Estonia has fulfilled the criteria during a severe economic and financial crisis, as a result of determined, credible and sustained efforts by its government. Now it must maintain a policy of fiscal prudence. Joining the single currency is not an end in itself, as this crisis has demonstrated. The effort to consolidate the budget and balance public accounts should be ongoing, active and effective. I congratulate Estonia and its people and government on joining the euro area, despite it being a difficult time to adopt the single currency, and I hope they will continue with the convergence efforts they have made so far."@en1
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