Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-07-05-Speech-3-044"
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"en.20000705.2.3-044"2
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"Mr President, the introduction of a single currency in Europe was never going to be a simple task, but with 11 countries within the Union covering a population of 300 million, I fully support the single currency.
There has been much debate in recent months about the strength or otherwise of the currency and I would like to pose a very simple question to the detractors of EMU. If the single currency is not working, why are so many countries seeking to join the new structure? I welcome the decision to allow Greece full participation within the single currency. In the Scandinavian countries support for the single currency is rising. Of course we are waiting anxiously for the decision of the Danish people. In the longer term, Eastern and Central European countries seeking to join the European Union will want to participate in the single European currency system. 1 January 2002, which is not far away, is the key date for the circulation of euro notes and coins within the territories of all the EMU participating countries. Business and retailers must gear up their preparation for this date to ensure that the changeover goes smoothly.
From an Irish perspective, I believe that our cash changeover plan is moving very well. Fortunately we can draw on our experience of a change of currency in 1972, when we broke with sterling. We want to ensure that the mistakes that were made then are not made again."@en1
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