Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-12-01-Speech-4-124"

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"en.20051201.30.4-124"2
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". The purpose of this Commission proposal is to amend Regulation 974/98, which was the legal framework during the change-over period in the context of the adoption of the euro in all current euro zone countries. The intention is now to use this legal framework for the countries that joined the EU on 1 May 2004, and were under the legal obligation to become part of the euro zone. One of the key proposals is to reduce the time taken by the change-over and to find a ‘Big Bang’-type solution, with the introduction of euro notes and coins at the same time as the adoption of the euro as the single currency. This report follows that path and seeks to ensure that no Member State can leave the euro zone. We feel that that is unacceptable and that Member States are perfectly entitled to leave the euro zone should they wish to do so. Attempting to impose such a restriction on the new Member States when two countries, Denmark and the UK, have an opt-out clause and another, Sweden, has decided not to join, is tantamount to discrimination. Hence our vote against. We maintain our opposition in principle to the euro. It is clear that monetary policy has led to economic stagnation and unemployment, which also ..."@en1
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