Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-24-Speech-4-129-000"

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"en.20110324.22.4-129-000"2
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"Mr President, one of the inherent problems of a single currency which has a number of different Member States, with economic cycles at different rates, is that it is pointless having one set of interest rates if you have different spending decisions. The result of that has obviously come to bear, because we can see the problems that the euro zone is in. On top of that, governments have to understand that they cannot spend more money than they get in revenue. When governments do that and cook the books, or do not fulfil the roles of economic governance and economic discipline, the others get into trouble. Of course, we want a strong euro zone, especially for those members outside the euro zone. We want to continue to trade with countries in the euro zone. We do not benefit from a weaker euro. However, at the same time, we have to be quite clear that the countries in the euro zone should fight their own problems themselves, and not rely on others. I wish you luck in the euro zone, but please learn the lessons of not spending more money than you earn."@en1
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