Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-26-Speech-4-178"
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"en.20061026.22.4-178"2
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".
Since the euro was introduced seven years ago, the purchasing power of the people of Europe has fallen considerably. In the 'Euro zone', we have seen a real increase in prices for household goods and leisure, and an even clearer trend in housing due to a lack of monitoring of speculative funds. It is therefore the working and middle classes who are hardest hit, even without adding excess debt to the mix.
Economic growth in the 'Euro zone' has even fallen: the GDP volume has gone from an increase of 1.8% in 2004 to an increase of 1.4% in 2005. The prospects for 2007-2013 are even more worrying, because the Euro will present a greater risk to European growth once the exchange rate with the dollar becomes too favourable.
Not only does this bank, with its ultra-European foundations and philosophy, demonstrate a democratic deficit and a certain lack of transparency, but it will not even achieve any of the European Union's economic and social objectives. These indicators should make it clear that we should get out of the Euro zone and that the individual nations should regain their competence for economic, social and monetary decision-making in a free Europe where protection and national and Community preference take first place."@en1
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