Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-05-17-Speech-3-245"
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"en.20000517.11.3-245"2
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"Thank you for your answer, which I think was important and valuable. In the debate in those countries which are not participating in the third phase of EMU and which are not therefore becoming a part of the euro zone, the point has been made that ministers from these countries are losing influence, not only on issues directly affecting the euro, but also on other issues dealt with by Ecofin. A real shift in power seems, in fact, to be taking place, from the meetings of Ecofin to those of the Euro 11, despite the fact that the latter are of an informal nature.
I should therefore like the Council’s representative to confirm that there is no real shift in power whatsoever from the formal, regular Ecofin meetings to those of the Euro 11. I should like the Council’s representative genuinely to confirm that it is not the case that ministers from, for example, Denmark or Great Britain, are losing the power to influence other issues dealt with by Ecofin because these countries are not members of the Euro 11."@en1
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