Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-16-Speech-3-254"
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"en.20100616.24.3-254"2
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"I voted for this report because I feel that Estonia really deserves to join the euro area. This small northern country has shown that even as the financial crisis rages, joining the monetary union is possible, if it is sought continually and consistently. I think that the introduction of the euro will be good for Estonia – it will increase confidence in this country’s economy, will attract more investment and will reduce lending rates. This will also give a boost to the Lithuanian and Latvian economies. The symbolic value of this development is also important because Estonia is the first of the former countries of the Soviet Union to join the monetary union, passing the most complicated stage of EU integration. However, this development is equally important for the entire euro area. Despite the problems emerging in the euro area, the single currency continues to be attractive and capable of giving Member States added value. I am delighted that the Commission and the Council have praised Estonia’s progress and hope that the European Council will also adopt a decision to that effect."@en1
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