Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-07-Speech-3-038"
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"en.20080507.11.3-038"2
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"Thank you, Madam President. First of all, congratulations on the tenth birthday of the Economic and Monetary Union. The euro has been a success: a stable currency with a low interest rate has come into being, an effective move to combat speculation, and we have been able to create many more jobs than before since the introduction of the euro. We know this. This is why the euro is attractive to countries that have joined the European Union but are not yet members of the euro zone. Discipline is vitally important and central bank independence is vitally important, I agree. However, the euro zone should not be an elite club, an elite political club, and we should not be saying that membership is open only to countries that have already implemented some degree of convergence in real terms. The euro is in fact an instrument that could be of particular benefit to those countries that most are desperately in need of stability, of cohesion, and of measures to fight speculation and combat unemployment in order to become genuinely European. For this reason, let us be wary of orthodox principles, even with regard to the inflation criterion. It is also absolutely vital that the criteria should be established according to uniform standards. Thank you very much, Madam President."@en1
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