Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-04-20-Speech-2-316"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20100420.12.2-316"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spoken text |
"The economic benefits of adopting the euro accrue to both the Member States that join the euro area and to the euro area as a whole. Detailed analysis and argumentation on this matter can be found, for example, in the Commission’s EMU@10 report of 2008.
Under the treaties, all EU Member States are obliged to join the euro area once they fulfil the necessary conditions. However, Denmark and the United Kingdom have negotiated an opt-out clause that allows them to remain outside the euro area.
If Denmark and the United Kingdom decide to apply for membership of the euro area, they will be subject to the same convergence assessment as any other candidate, as happened with other Member States that have already joined the euro area. The Commission would support their preparations fully, including preparations for the actual cash changeover.
Sweden does not have an opt-out clause. For the time being, Sweden does not fulfil all the criteria for introducing the euro. In particular, it is not a member of the exchange rate mechanism tool, and some elements of its central bank legislation would have to be made compatible with euro area membership. Nevertheless, the Commission considers that those Member States not currently in a position to fulfil all convergence criteria for joining the euro should strive to meet these conditions."@en1
|
| lpv:unclassifiedMetadata | |
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples