Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-15-Speech-3-119"
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"en.20020515.5.3-119"2
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".
The Marinos report that the European Parliament has just adopted presents a very comforting view of the implementation of the stability and convergence programmes within the framework of the EMU. We do not share this view. It is true that the Stability and Growth Pact is a natural consequence of the interdependence that the euro creates between Member States – for better, for worse. It aims to achieve budgetary rectitude, which in principle is healthy.
The first months of its implementation have unfortunately been littered with increasingly serious incidents involving Ireland, Italy, Germany and Portugal. Now it is the turn of France to be in the hot seat. These differences of opinion express, with increasing urgency, the need for the national economies and societies to develop at their own pace, in accordance with their own specific characteristics, without being encased in a rigid straitjacket that aims to make everything uniform.
Therefore, the logic of the euro is beginning to frustrate the logic of nations. These two approaches will soon clash head-on. Which is the more important for democracy? It is clearly the logic of the nations. But which is the more powerful? The answer to that is more difficult, and this is why we have always thought that the euro adventure gives cause for concern."@en1
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