Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-02-12-Speech-3-058"

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"Mr President, Europe has two : peace and prosperity. It is seriously weakened on both counts, to say the least. Peace has been compromised by the unbelievable violation of the Treaties by Great Britain, Italy, Spain, Portugal and Denmark, signatories of the Maastricht Treaty, and I doubt that the summit called on Monday by the Greek Presidency will change very much. In reality, European policy amounts to very little and even that is very weak. There is not more new Europe than old Europe. There is quite simply no Europe at all. As far as prosperity is concerned, which is more the subject of this debate, the reason that Union policy is half what it could be is an antiquated monetary policy that was put together for an old Europe. The Malthusian policy of the European Central Bank, which has been reiterated enough in this House, is the main cause of European stagnation and, soon, recession. So, Mr Prodi and the Greek President-in-Office, if you hold a Spring Summit, make it worthy of its name! Bring the European economy out of the monetary winter that it has been plunged into by the policy of the European Central Bank. The proof is the very report that you published on the competitiveness of European countries after the Lisbon Summit. Which are the three countries that come out best, the three countries on the podium? Great Britain, Sweden and Denmark, precisely the countries that did not adopt the euro. They are doing better in terms of unemployment, inflation, debt and competitiveness, than the countries that adopted the euro. So spot the mistake! And now that you are pleased with yourselves – I heard Mr Goebbels this morning rejoicing that the euro is finally picking up – that the euro is beating the dollar, the long-held dream, be aware that the more the euro goes up, the more European growth will decline. Your ego will be flattered, but the result will be seventeen thousand more unemployed each month, as happened again in France last month."@en1

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