Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-13-Speech-1-073"

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	"pl"^^xsd:language2
lpv:document identification number	"en.20061113.16.1-073"2
lpv:hasSubsequent	lp_eu:2006-11-13-Speech-1-0742
lpv:speaker	lp:Dariusz Maciej Grabowski2
lpv:spokenAs	member; BUDG (2004-07-21--2007-01-14)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2004-09-15--2007-03-13)3 member; IND/DEM (2004-07-20--2006-12-12)3 substitute; CONT (2004-07-21--2006-12-12)3 unknown; Liga Polskich Rodzin (2004-07-20--2007-06-04)3 substitute; ECON (2004-07-21--2006-12-12)3
lpv:translated text	". Mr President, growth in the euro zone has been the lowest in the world for many years, as it was in 2006 as well. But instead of looking for the causes at home, in the monetary policy of the European Central Bank, attempts are being made to impose the so-called harmonisation of budgetary and tax policies in the Member States. This is an attempt to hobble the initiative of Member States, a kind of diktat imposed by the stronger on the weaker. If the point of creating a common currency was firstly, to simplify the system and thereby to reduce costs, secondly to attract foreign investment, and thirdly, to make use of the privilege of issuing currency and creating a new world currency, then in the latter two cases the desired effect has not been achieved. Foreign investment continues to focus on the United States and Asia. Demand for the euro as a world currency is comparatively weak. The opposite effect has been achieved: keeping interest rates high and artificially bolstering the euro has undermined the competitiveness of European manufacturers and reduced export earnings. The common currency and the policy of the ECB appear to be serving the interests of finance capital at the cost of businessmen, consumers and the Member States’ national budgets. The single currency has had an indirect impact on the exports of the new Member States by slowing their development and holding them back. We therefore take the view that there needs to be a radical review of EU monetary doctrine towards restoring authority over currency issue and interest rates to the monetary authorities of the Member States."@en1

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