Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-04-23-Speech-4-347"
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"en.20090423.62.4-347"2
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".
Thank you, Mr President. Our draft resolution on the G20 summit says that, firstly, various European Union countries have received support from the International Monetary Fund to resolve balance of payments problems and, secondly, that various countries in the euro zone have, thanks directly to the euro, been able to avoid exchange rate pressure in this situation. Unfortunately, however, the new European Union Member States cannot reduce this currency risk pressure, because they cannot join the euro zone. At the same time, the economy has become overheated in several new EU states as a direct result of the injection of a very large amount of money by many European banks, fighting to carve out a market in these states. Now it is borrowers who have been left to bear all the currency risk. I would therefore appeal for us to consider, particularly in the new EU Member States that have joined the exchange rate mechanism tool and keep to a fixed exchange rate that allows a large part of these loans to be paid back to European banks, whether this should not mean that these countries should also be helped with a swifter introduction of the euro. This is particularly crucial because solidarity is extremely important in difficult times. In reality, we are all in the same boat – especially now, when, to be honest, even those countries that have already joined the euro cannot satisfy the Maastricht criteria, with budget deficits of over 10%. Since we are in the same boat, let us think in the same way! Thank you."@en1
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