Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-11-17-Speech-1-086"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-11-17"^^xsd:date2
dcterms:Is Part Of	lp_eu:EMU10: The first 10 years of Economic and Monetary Union and future challenges (debate)2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20081117.21.1-086"2
lpv:hasSubsequent	lp_eu:2008-11-17-Speech-1-0872
lpv:speaker	lp:Danutė Budreikaitė2
lpv:spokenAs	substitute; Delegation for relations with Switzerland, Iceland and Norway and to the European Economic Area (EEA) Joint Parliamentary Committee (2004-09-15--2009-07-13)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2005-03-14--2009-07-13)3 member; ALDE (2004-07-20--2009-07-13)3 substitute; INTA (2007-01-31--2009-07-13)3 substitute; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 unknown; Darbo partija (2004-07-20--2009-07-13)3 substitute; ITRE (2007-01-31--2009-07-13)3 member; Delegation to the Euro-Mediterranean Parliamentary Assembly (2004-09-15--2009-07-13)3 vice-chair; DEVE (2007-02-01--2009-07-13)3 member; Delegation for relations with the countries of the Andean Community (2007-03-14--2009-07-13)3
lpv:translated text	"The Economic and Monetary Union is 10 years old. It is a fine anniversary, but also an occasion to consider how the EU and the global economic, financial and political situation has changed and whether the Maastricht criteria suit current global changes. In 2005 the Stability and Growth Pact was reviewed, perhaps because its requirements had not been implemented by the largest countries in the Euro Zone. In a period of 10 years virtually none of the countries in the Euro Zone had implemented all of the Maastricht criteria. We know that the European Central Bank’s inflation target is 2%. If we were to look for this target today, then we would see that it has not been achieved by any EU countries; their inflation this September ranged from 2.8% in the Netherlands to 14.7% in Latvia, and the Maastricht price stability criterion would be 4.5%. If the members of the Euro Zone fail to implement the price stability criterion, how can we talk about inflation stability? Talk of inflation stability began in 2006, when the Euro Zone started to expand. Are we talking about new requirements purely for new Euro Zone candidates? What are the prospects for Euro Zone expansion? I invite the European Commission and the European Central Bank to review once more the Economic and Monetary Union’s principles, government, and the Maastricht criteria, asking whether they are being implemented in the current global economic and financial situation and what the future holds for the Economic and Monetary Union and candidates to the Euro Zone."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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