Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-22-Speech-3-187"

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"en.20060322.15.3-187"2
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"With the decision on the expansion of the Euro zone fast approaching, the criteria for the introduction of the Euro are becoming increasingly politicised. The head of the European Central Bank has stated that the criteria must be met in the long term, not only during the assessment period. Recently, the high price of energy supplies – an external factor, independent from the management of a country's economy – has been having an influence on one of the Maastricht criteria – increases in inflation. It is very complex to maintain high rates of economic growth and low inflation. Furthermore, when determining inflation criteria, we must also take into account the accidental reduction in the price of certain goods in Finland and the Netherlands who have the lowest inflation, and improve the means of determining criteria. In Lithuania inflation may slightly exceed the amount expected in the criteria. For six years it has been considerably lower than Maastricht's requirements, but in an economy which is emerging so rapidly, keeping prices low is something truly complex. After the unsuccessful referendum on the Constitutional Treaty, and without a common foreign and energy policy, let us at least expand the Euro zone and give the European Union renewed impetus for growth."@en1

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