Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-12-02-Speech-4-091"
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"en.19991202.6.4-091"2
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"On the pretext of technical measures (the manufacture of banknotes), the report proposes to undertake a campaign to promote the single currency. It is less a matter of speaking of the ‘practical aspects’ of the euro than of stressing its ‘fundamental significance’. It is true that the virtues of the euro do not seem to speak for themselves! Categorising the sceptics in advance as illiterates, partially sighted and hard of hearing does not make the report any more convincing.
This document states that the Central European Bank has been using the euro for its monetary operations since 1 January without ever offering an explanation of the criteria of its exchange policy. The single currency is therefore not at all a democratic asset for the citizens of Europe, but a powerful tool of monetarism, as can be seen from the recent increase in the rate of interest.
On the financial markets, the euro has been in place since 4 January 1999. The ordinary people – those who have never speculated on currencies – continue to travel and make purchases while having money extorted from them by bank committees. It is all the more scandalous as the currency rate will be fixed henceforth.
The real questions are not being addressed: a single currency for whom and for what purpose?
For all these reasons, I shall be voting against this report."@en1
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