Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-13-Speech-1-072"

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"en.20061113.16.1-072"2
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". Mr President, in our discussion of the 2006 annual report on the situation in the euro zone there are two points I would like to make. The first is the much lower economic growth rate and higher unemployment in the countries of the European Union, and in the euro zone in particular, than in the USA and in the emerging markets such as China and India. Economic growth in the euro zone will in 2005-2007 be almost half of that of the USA, while unemployment will be almost twice as high. The second point is the higher economic growth rate and the lower unemployment rates in three of the fifteen countries which did not join the euro zone compared with countries inside the zone. No wonder that those countries are not rushing to join the single currency. The new Member States now have even greater reservations about joining the euro zone, even though they are continuing to work hard to meet the Maastricht convergence criteria."@en1

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