Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-05-07-Speech-3-047"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-05-07"^^xsd:date2
dcterms:Is Part Of	lp_eu:EMU@10 – The first ten years of Economic and Monetary Union (Commission communication) (debate)2
dcterms:Language	"fi"^^xsd:language2
lpv:document identification number	"en.20080507.11.3-047"2
lpv:hasSubsequent	lp_eu:2008-05-07-Speech-3-0482
lpv:speaker	lp:Esko Seppänen2
lpv:spokenAs	substitute; CONT (2007-01-31--2009-07-13)3 vice-chair; Delegation to the EU-Russia Parliamentary Cooperation Committee (2004-09-21--2009-07-13)3 unknown; Vasemmistoliitto (2004-07-20--2009-07-13)3 substitute; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2004-09-15--2009-07-13)3 member_of_the_bureau; EUL/NGL (2004-07-20--2009-07-13)3 substitute; ITRE (2007-01-31--2009-07-13)3 member; BUDG (2007-01-31--2009-07-13)3
lpv:translated text	". When Finland joined the EU this followed a referendum. At the time the political elite promised the people a new referendum if Finland gave up its own currency, the mark. The promise was broken – unlike in Sweden – and many Finns wanted their own money back. The euro has been a success in the sense that tourists can use the same money in all the EMU countries and compare prices. Travel money, however, is not the true essence of Economic and Monetary Union: it is the common monetary policy. That has not been the same sort of success story on account of the sheer size of the euro zone and the difference in its economies. First it was devalued by a third against the dollar, and that was followed by a revaluation of two thirds. The effects of EMU should also be assessed from the point of view of the common interest rate policy, which resulted in a house price bubble in many countries."@en1

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