Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-13-Speech-1-070"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-11-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:2006 annual report on the Euro Area (debate)2
dcterms:Language	"lt"^^xsd:language2
lpv:document identification number	"en.20061113.16.1-070"2
lpv:hasSubsequent	lp_eu:2006-11-13-Speech-1-0712
lpv:speaker	lp:Danutė Budreikaitė2
lpv:spokenAs	substitute; Delegation for relations with Switzerland, Iceland and Norway and to the European Economic Area (EEA) Joint Parliamentary Committee (2004-09-15--2009-07-13)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2005-03-14--2009-07-13)3 member; ALDE (2004-07-20--2009-07-13)3 vice-chair; DEVE (2004-07-22--2007-01-14)3 member; Delegation for relations with the countries of the Andean Community (2004-09-15--2007-03-13)3 unknown; Darbo partija (2004-07-20--2009-07-13)3 substitute; INTA (2004-07-22--2007-01-14)3 member; Delegation to the Euro-Mediterranean Parliamentary Assembly (2004-09-15--2009-07-13)3 substitute; ENVI (2004-07-22--2007-01-14)3
lpv:translated text	"Mr President, ladies and gentlemen, the Economic and Monetary Union, with a common currency, is the highest level of economic integration the European Union has thus far reached. The euro zone has already been operating for six years, and its first enlargement revealed that the Maastricht criteria established more than a decade ago no longer correspond to the reality of the enlarging EU and the developing global economy. The euro zone countries are unable to implement the indicators that are important for the operation of the euro zone, especially the requirement for price stability. The European Commission (according to the EC Treaty) and the European Central Bank are both applying different criteria of price stability to the euro zone. According to the European Central Bank, price stability ensures lower inflation, which is still close to 2%. Based on the methods of the European Commission, the stability of prices in the euro zone is established by considering more than just the rate of inflation of the euro zone countries and, therefore, it is impossible to eliminate uncharacteristic inflation factors. I call on the Commission and the European Central Bank to work together on improvement of the concept of euro zone price stability and methods for its establishment in order to avoid misapprehensions in the process of euro zone enlargement and implementation of indicators in the euro zone itself. I invite euro zone Member States to properly implement the euro zone membership criteria that were adopted by the Member States themselves for better economic integration. Furthermore, I would like to emphasise that structural reforms are necessary for the successful competition of both the European Union and the euro zone in the global economy, and especially in further implementation of a domestic market with free movement of services, which has contributed to the competitiveness of the European Union."@en1

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