Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-06-20-Speech-3-156"
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"en.20070620.17.3-156"2
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"Our vote concerning the adoption of the euro by Malta and Cyprus will be identical to the one for Slovenia: we shall abstain. We will not go against what we hope will be the conscious will of sovereign peoples.
We must, however, recognise that a threshold has been crossed: it is not at their express request, but because they almost fulfil the ‘stupid’ Maastricht criteria, as Mr Prodi would have said, that these countries have to adopt the euro. Have their citizens been told about it? At least one of these countries does not meet these famous criteria and neither of the two, it seems, has supplied the statistics necessary for a proper assessment of their state of preparation. Why rush? The practical and technical measures for actual transition to the single currency are a great unknown. Also, the euro zone’s capacity for absorption, which at another time was a matter of concern for Mr Langen, has disappeared from the picture and from the analysis.
Here we are again faced with the bicycle syndrome, from which European construction appears to suffer: if it does not go forward, it falls down. The euro zone must be enlarged at all costs. Full stop! The truth is that it is the citizens of Europe who will have to pay the price!"@en1
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