Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-12-02-Speech-4-021"

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"en.19991202.2.4-021"2
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"Mr President, Commissioner, we are all agreed that the single currency is a prerequisite for a functioning internal market, that the stable currency also contributes to social and economic security within Europe and that the euro is a success story, due not least to the fact that it has led to a reduction of deficits in our Member States and to low inflation. A new chapter in this story is now opening and must be characterised by the following elements: public confidence in, and acceptance of, the euro must be further strengthened. The measures taken must result in legal security and must be transparent, the citizens must be given comprehensive information, and a smooth-running changeover is an essential prerequisite for this. The changeover will only run smoothly if there is adequate frontloading for banks, commerce, citizens and the requisite machines from where citizens obtain their cash. I would like to pick out one aspect alone. It seems to me that the concept of commerce has not yet been clearly defined. For example, will the tourist industry come under the heading of commerce, i.e. will frontloading apply, bearing in mind that a great many citizens of our Member States visit tourist areas and ski resorts during the Christmas and New Year periods in particular. I would therefore ask that we organise these elements – acceptance and confidence, a smooth-running changeover and frontloading – so as to increase citizens’ confidence in the euro in this phase, and this will entail frontloading and ensuring that adequate information is provided in the euro campaign. If this comes off, then the changeover will be another chapter in the euro success story."@en1

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