Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-044"
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"en.20100325.3.4-044"2
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"Mr President, the widening crisis in the euro area shows the dangers which may face economic projects that are not backed up by economic calculation, but are based on ideological assumptions, especially when integration includes the economic integration of different Member States which have different economic conditions.
We have to ask whether some states should have entered the euro area as early as they did. At a certain point, the euro project became, primarily, not so much an economic project as a political one, aimed at accelerating European integration. European taxpayers in many countries may, today, pay a great deal for this haste. It would be good if we could draw some conclusions from this lesson for the future. The euro is not an answer to the structural problems of individual economies, or to excessive debt or a lack of financial discipline. It is the Member States which are responsible for the state of their finances, and these problems should be solved in the countries where they arose."@en1
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