Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-09-Speech-1-039"

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"en.20070709.14.1-039"2
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"( ) A year ago Lithuania’s bid to join the Euro zone was rejected. This happened despite the fact that Lithuania had complied with the Maastricht criteria in advance and to a far greater extent than most Euro zone members. The only criticism was that the inflation benchmark had been exceeded by one tenth of a percent. This sufficed to deny Lithuania access to the Euro zone, and provoked a major crisis in Lithuanian domestic politics. Next year Slovakia’s bid to join the Euro zone will be assessed. At present Slovakia is on course to meet the convergence criteria, but voices are already being heard from the European Central Bank and Commission, talking about the need to ensure that compliance remains sustainable. It would be perfectly OK if this ‘flexible rule’ were applied equally to the Member States of the Euro zone. Such an approach quite justifiably leads us to question whether the desire to extend the Euro zone to the countries of Eastern Europe is genuine or fake."@en1
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