Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-03-09-Speech-3-055"

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"Madam President, what was pompously called the Lisbon Strategy is turning into a farce. First of all, the aim of growth and prosperity has clearly not been achieved. Half way through, growth is so weak that the OECD is describing the euro zone as the black hole of world recovery; growth is stagnating at 1.7% – lower in many countries – while world growth is 5% and, irony of ironies, Europe as a whole is producing a rate of 2.9%, thanks to the relative performance of those very countries which are not foolishly shackled to the euro. As for prosperity, for our fellow citizens this is at present more synonymous with insecurity, loss of purchasing power and unemployment, the latter exemplified by the 8 million unemployed in the Franco-German nucleus. The outlook is increasingly bleak, especially in the euro zone. The euro has not kept its promise. Clearly, it is not a currency of trade, nor is it a factor of budgetary discipline but is, on the contrary, one of laxity. For our contemporaries it is more a factor of inflation. As for the Stability Pact, it is clearly in the process of breaking up. Moreover, I fail to understand how anyone can support the euro without supporting the Stability Pact. That point, at least, is a contradiction in terms, and I should like to draw the Commission’s attention to it. The lesson for the Commission, moreover, is simple. The enlargement of Euroland must be postponed so that only 12 of the 25 (soon to be 30) countries will be euro zone members. That is, of course, a long way from the declared objectives. All these are obviously arguments which will be used by the supporters of a ‘no’ vote, and we would be quite happy with that, were it not for the sad fact that what is at stake is the very notion of Europe, an idea that has unfortunately been compromised in the minds of our citizens, perhaps for a long time to come."@en1

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