Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-11-Speech-3-066"
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"en.20090311.3.3-066"2
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"While I basically agree with the European Economic Recovery Plan, I would like to draw attention to two matters: the issuing of Eurobonds and expansion of the eurozone. The issuing of Eurobonds is neither an appropriate instrument to strengthen the eurozone, nor is the timing right in a Europe which is affected by the financial, economic and social crisis. We have 16 eurozone members, whose economies will receive support, but what about the other 11 countries? It is proposed that we should only allow the purchase of Eurobonds with Swedish and Danish Crowns. Where would this leave the new Member States which, for many objective reasons, are not in the eurozone? What is the cost of borrowing they would have to pay? Lithuania was not allowed to introduce the Euro because inflation was 0.07% above the indicator’s maximum limit, although in 10 years, not a single eurozone member has met all the indicators. The Lithuanian Litas has already been pegged to the euro for 4 years. Is it not time to look more creatively at changes in the world and expand the eurozone, thus making it easier for the EU to exit the crisis?"@en1
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