Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-03-01-Speech-3-133"
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"en.20000301.8.3-133"2
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"Mr President, like many others, I want to thank Mr Katiforis for an interesting report. When I read the report and see the picture of the EU’s economy that is described there, I think it is quite a worrying picture. Investment levels are too low, unemployment is still too high and there is insufficient growth. It is not, therefore, perhaps so strange that the euro is continuing to lose ground to other currencies, in spite of rumours to the effect that the European Central Bank is purchasing the euro on the quiet in order to support it.
The rapporteur observes that stability is not an end in itself, which is something I agree with. There is far too much talk about stability, convergence and coordination and far too little about the factors which give rise to innovation and development. As far as I am concerned, EMU cooperation looms ponderously large as a colossus which will have difficulty keeping afloat in the present swelling economy. My conclusions about this differ completely, however, from those of the previous speaker. I believe we have to place our confidence in human resources, partly through a macro-economic policy which creates demand and potential new jobs and partly – and perhaps above all – by relying upon measures in the workplace such as training, democratisation and good social conditions. In this context, I can, in fact, see the EMU project’s main weakness, for it is true that you cannot act like Superman and raise the European economies from above. Instead, you have to mobilise working people and the people out there in the Member States."@en1
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