Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-03-Speech-2-096"

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"en.20010703.6.2-096"2
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"Mr President, ladies and gentlemen, we are six months away from the fateful day, and it is time to concern ourselves with how citizens are going to handle the disappearance of their national currency. They are the last people to be consulted and also the last people to be informed. The most fervent supporters of Europe will feel an unexpected surge of anxiety when reading Mr Maaten’s report, which describes a state of almost total unpreparedness, the limited, even non-existent, use of the euro in international transactions, including between the countries within Europe, the doubt surrounding the possibility that the banks will exchange citizens’ coins free of charge, the absurd charges for cross-border transactions, even though they are made using the same currency and the excessive price increases that the currency changeover is bound to provoke. The litany is long and it does not paint a joyful picture. The governments demanded the euro for ideological reasons whereas large financial organisations demanded it for reasons that are purely self-motivated. The euro has been around for two years and it has failed to catch on even amongst its most ardent supporters, and still less so within the international markets. The euro has lost its value against the dollar and nothing points to an imminent recovery. The changeover to using euro notes is, therefore, a useless and costly operation without a doubt. It will cause a rise in inflation and cases of public or private embezzlement. It would be better to stop all this while we still have the chance."@en1

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