Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-05-22-Speech-2-375-000"
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"en.20120522.18.2-375-000"2
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"Mr President, I would say to Mr Papanikolaou that a reintroduced drachma would probably be 50 to 60% lower than its current value in the euro, something like that. Clearly, I am not advocating that we move to a new fixed peg; I am advocating floating currency rates because history shows us that every time we try to fix currency pegs, we get it wrong. The risk, of course, is that the cost of imports would rise, which is why I said that what it would also lead to is innovation in Greece, as people started to make products to undercut the price of foreign imports. But I tell you what it would give: it would give Greece a chance, because stuck inside the euro you are going to be literally destroyed."@en1
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The resource appears as object in 2 triples