Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-11-Speech-3-287"

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"en.20070711.27.3-287"2
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"Madam President, the introduction of the single currency was supposed to create a single internal market. The European Union, however, is today in thrall to the concept of rigid political integration and the creation of an over-regulated superstate, rather than creating the economic freedoms which in 1957 helped form the foundations of the common market and which remain unfulfilled to this day. The failure to adopt the original Bolkestein Directive, the existence of obstacles to the free transfer of production to more efficient areas of the Union, and restrictions on the free movement of labour from the new Member States, as well as other protectionist and regulatory restrictions on the freedom of the common market are turning the euro into an artificial currency. As a result, we have a single currency in a non-single market. A typical example of this is that there is on the one hand the brutal forcing through of concessions in the Stability Pact, which some of the large EU states decided they could not do without, and on the other hand the new Member States have nonsensical and long out-dated conditions imposed on them for entry to the Eurozone, which do not take due account of necessary inflation levels and other indicators that are no more than peripheral and incidental manifestations of very dynamic economies that are growing at a faster rate than the EU average. The narrow-mindedness of the Eurozone and the failure to fulfil economic freedoms in an unfair and non-single market are turning the euro into an unsafe and half-hearted currency. Madam President, please allow me to make a technical remark. On the panel above you and on the display, my name has regularly been incorrectly displayed for several months now. The ‘ý’ at the end of my name is missing. Please take note of this."@en1

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