Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-03-01-Speech-3-127"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2000-03-01"^^xsd:date2
dcterms:Is Part Of	lp_eu:Union Economy (1999)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20000301.8.3-127"2
lpv:hasSubsequent	lp_eu:2000-03-01-Speech-3-1282
lpv:speaker	lp:Georges Berthu2
lpv:spokenAs	unknown; Rassemblement pour la France (1999-07-20--2000-11-22)3 member; AFCO (1999-07-21--2002-01-14)3 substitute; ECON (1999-07-21--2001-01-30)3 vice-chair; Delegation for relations with Canada (1999-07-22--2002-01-14)3 member; UEN (1999-07-20--2000-09-20)3
lpv:translated text	"Mr President, the report presented by the Commission on the Union Economy in 1999 appears to us to be mostly utter waffle as it scarcely shows why our performance remains hopelessly below the potential that the immense human resources of Europe should allow. Indeed, it is good to note that the forecast of 3% growth for the year 2000, which could have seemed rather bold when the Commission announced it in November 1999, now has a serious chance of being achieved, even in the context of continued inflation, since the peak of 2% for the euro zone in January, nevertheless remains quite minor compared with the past. But we have the impression that this growth, sustained firstly by the performance of the United States, and then by the productivity gains of the new economy, by the new information and communication technologies, is driven by the general world situation, even despite our handicaps. We are well aware of these handicaps, which must be remedied urgently – the structural inflexibility, the excessive mandatory levies. But let us not forget that there is another one, a new handicap, with the single currency. In fact, the unification of monetary policies and the gradual alignment of other policies imposes additional inflexibility on the different countries in the euro zone by making them behave in ways that are not necessarily suited to their structures and to their respective economic circumstances. This unification is considered to be positive by the Commission’s report. But, in reality, we can no longer rule out the fact that it will lead to a less than optimum global situation. If you add the strangeness of a single currency that is not built upon a State, itself based upon a people, you can easily explain what remains a great mystery in Brussels, the markets’ suspicion of the euro. Indeed, it was possible to welcome the weakness of the single currency initially in 1999, as it favoured growth in an unexpected way, but you cannot for ever hide the fact that it is, in fact, symptomatic of bad policies and bad operating conditions."@en1

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