Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-20-Speech-3-061"

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"en.20070620.3.3-061"2
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"Mr President, Commissioner, ladies and gentlemen, first of all I wish to thank the rapporteur, Mr Langen, and the members of the Committee on Economic and Monetary Affairs, for their positive report on the integration of my country, Cyprus, and of course of Malta into the eurozone. I also wish to thank Mr Almunia for the assistance he has given Cyprus all this time in achieving this objective. Despite the tight timeframe which the Commission allowed Parliament and despite the reactions voiced, Mr Langen has demonstrated a huge sense of responsibility, has circumvented procedural issues and, I repeat, has demonstrated his ability to get to the heart of the matter in his positive report. My thanks once again to Mr Langen. The European Parliament is today rewarding Cyprus's long-term efforts to put its economy in order and converge with the indicators of the European Union. The European Parliament is giving the third institutional green light to the adoption of the euro in Cyprus. The adoption of the euro in Cyprus will bring the euro to the Middle East and forge a monetary link between Europe and Arabia via Cyprus. The monetary area of the European Union will extend from Brussels to the far end of the Eastern Mediterranean. Cyprus has always had a strong economy; even during the difficult years after the military invasion and the occupation of the north of Cyprus by Turkey and the loss of its basic economic resources, it has managed to develop a strong economy. Thus, everything that needs to be done by 1 January 2008 on the part of Cyprus for full economy integration and convergence will have to be done and you can be sure that it will be done. As far as Eurostat's comment on the provision of imperfect data is concerned, Mr Almunia's clarification satisfies us. I trust that by 1 January 2008 the necessary basis will be in place for a proper resolution of the Cyprus problem and for Cyprus to reunite politically, socially and economically, so that the euro becomes the currency of all Cypriots, both Greek and Turkish alike. The European Union has an obligation to take an initiative in this direction."@en1

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