Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-03-14-Speech-3-267"
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"en.20010314.10.3-267"2
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"Mr President, Commissioner, the Commission’s report on the state of the Union economy in 2000 and, in part, the von Wogau report itself, do not fail to underline how the halting progress of the euro has been, even in the perception of the financial markets, attributable at least in part to the absence of sufficiently coordinated action by the eurozone governments to promote a policy of economic growth and development in the field of employment.
Nor can the Central Bank take all the blame for not including the stimulus of growth and the pursuit of full employment amongst its priorities in setting interest rates, in addition to the containment of inflation.
It is now becoming clear how urgent it is to bring into being a genuine form of closer cooperation between the twelve countries of the eurozone, so as to make a qualitative leap in the coordination of financial, economic and social policies, and overcome – as was called for at the Lisbon Summit – a rigidly sectoral approach which, ultimately, confines social policies to a role of mere assistance.
That might also be the way to establish a coordinated presence of the monetary Union as such in institutional decision-making forums like the International Monetary Fund or the World Bank and, in addition, the relations of the eurozone with third countries, in particular with the producer countries of raw materials and energy sources. For example, a long-term agreement with oil producers with a controlled price in euro would be not only possible but desirable."@en1
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