Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-10-19-Speech-1-030"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20091019.16.1-030"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, the whole of the European Union is feeling the global economic crisis, but the recession has had its most serious effects in the Baltic States. For these states, the way out of the economic crisis is closely linked to a full transition to the euro. Although, since 2005, all the Baltic currencies have been directly pegged to the euro, because of the official Maastricht criteria they still cannot fully join the euro area. It is therefore the case that the Baltic States are suffering from the European Central Bank’s low interest rate policy, which brought the loans and property bubbles to a head, but they are prevented from enjoying the true fruits of currency stability. I call upon you to take a political decision so that the euro can be introduced in the Baltic States on an exceptional basis. The small economies of these states are not a threat to the euro area. The threat is instability in the region, if these countries remain outside the euro area. Thank you for your attention."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples