Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-20-Speech-3-151"

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"en.20070620.17.3-151"2
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"Thank you, Mr President. The government has adopted as its policy the target of introducing the euro by 1 January 2008. In order to do so a number of criteria had to be reached, for example regarding deficit and inflation. Obviously these had a negative impact on the government’s financial policies, as well as on the more vulnerable section of society. Indeed, we believed that there was an alternative, which still entailed adopting the euro, but adopting it at a slower pace. Obviously, our entry into the eurozone will have a number of positive effects, yet it will also have adverse effects in other areas. However, in view of national interests, the Maltese Labour Party delegation has voted in favour."@en1

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