Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-23-Speech-1-057"
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"en.20061023.15.1-057"2
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"Mr President, ladies and gentlemen, EADS and the industrial projects that this group comprises, including Airbus, make it one of the great flagships of Europe, an industrial flagship, the symbol of our future technology and capabilities. However, this business is in great difficulty. I shall not dwell on the reasons – including those to do with the way in which it has been managed – which may justify or explain some of its current difficulties, which, in turn, require effective remedies.
I shall emphasise, instead, the statements made by Airbus’s management team, who explain to us that, if the business is to be competitive, it will probably have to relocate or set up a number of its operations in the so-called ‘dollar’ currency area, for the sole reason that the euro/dollar exchange rate is putting one of the European Union’s most important cutting-edge sectors at a disadvantage. When questioned on this point, Mr Trichet has only one thing to say: ‘I do not have to explain myself regarding the exchange rate!’.
Do you not think, Mr President, ladies and gentlemen, that there is an urgent need to change Europe's monetary policy?"@en1
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