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Home arrow newsitems arrow Double leap forward: EuroZone celebrates twice its 10th Anniversary. Strasbourg adding to Frankfurt

Double leap forward: EuroZone celebrates twice its 10th Anniversary. Strasbourg adding to Frankfurt

Written by ACM
Wednesday, 14 January 2009

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Double leap forward when EuroZone celebrates twice its 10th Anniversary :
 
 
- Strasbourg 2009 adds Political dimension to Frankfurt 2008.



    EuroZone's rare privilege to celebrate ..twice its 10 Years Anniversary, first at Central European Bank's Headquarters at nearby Frankfurt on 2008, and now at EU Parliament in Strasbourg on 2009, saw a big Change :  From classic Monetary Stability to innovative Economic Policy...

    Nobody among the Chiefs of State or Goverment or Senior Experts who had attended the CEB's Summit, could have imagine what followed :

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    - Back on June 2008, the accent was placed, indeed, mainly into stressing the fact that a strict Monetary Policy was also "Social", because it protected the People from risks of abrupt Devaluation, of which they had suffered in the Past, as German Chancelor Merkel had reminded then.

    The image of People suddenly losing their jobs, Businesses desinvesting, Factories closing, Banks stoping to lend money, Stock Markets going astray, Funds going bankrupt, Hundreds of Millions disappearing like thin air, in brief : The Global Financial and Economic Crisis which followed since September 2008, seemed still unthinkable...

    And EuroZone's President, Luxembourg's Prime Minister, Jean-Claude Juncker's attitude to "EuroFora"s question on eventual perspectives for "EuroGroup" to acquire also a "Political" dimension, had been surprisingly moderate and low-key, as if he didn't really think that it might be desirable.

    At least that was the frustrating impression he gave us when we raised such questions with President Juncker also at EU Parliament or when he got a Honoris Causa Doctoral diploma" at Strasbourg's University.. This had surprised us, because it was in complete contrast with his, otherwise, voluntary, combative personality, fond of big challenges and great vision..

    However, even back in Frankfurt, at CEB's Headquarters, during its 10 Years' Anniversary, IMF's Senior Expert on Europe, Allessandro Leipold, presenting the conclusions of a check-up by the austere Washington DC Global Financial body, had already started to surprise :

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    IMF's diagnostics, while praising EuroZone's succes in achieving price Stability and building Confidence, at the same time, warned that Contradictions were growing and a Deceleration of Growth was possible : Therefore, FMI advised EuroZone to look after its own Cohesion and Economic Development.

    Joining the dots together, "EuroFora" had asked IMF's Senior Expert if this meant that EuroZone' countries should make "common European replies" to Global Market upheavels, (such as Oil or Food price sharp rises at that moment).

    Leipold's reply, even if it looked more like a "Yes !", was carefully covered by a typical Washington DC IMF's "diplomatic" foggy language, which left things rather vague and foggy. Wisely, he also postponed a definite appraisal for after the 2008 Summer...

    (A more detailed overview is available for EuroFora's subscribers).

    But now, January 2009, the change revealed at EU Parliament's special event for Euro's 10th Anniversary, organized in Strasbourg, compared its Frankfurt twin, was astonishing :

    The tone was given from the outset, when EU Parliament's President, German ChristianDemocrat MEP Hans Gert Poettering, described the succesful October 2008 1st EuroZone Summit, convened in Paris at the initiative of French President Nicolas Sarkozy :

    - " It wasn't merely a matter of Economy : The common European Decision proved that a Political Europe can exist !".

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    And here is "another", differend Juncker; now :  

    - "During its 50 Years, Europe often astonished by its capacity to formulate Great Ambitions, and also to develop the necessary mentality and Determination to apply, in a consequent way, the ambition it nourishes", he started.

    -  "Anniversaries have value only when they serve as Bridges for the Future" : "The Economic and Monetary Union is, certainly, an Economic project, but, above all, it's a Political project. In consequence, we must use the 2nd Decade of the Euro to finalise the Economic and Monetary Union by reinforcing its Political instances at the internal and external field", Juncker concluded.
    
    - " What matters most today is our responsibility for the Future. If New Challenges ..are faced with utmost Lucidity and Audacity, they can generate ..Powerful Ideas", concluded even the traditionaly auster CEB's President Jean-Claude Truchet..

    - "The symbol of integration which is Euro's success, must incite to advance further in the European construction... To the fatality of failure, let's oppose the Dynamics of Succes, called, here and now, Euro", added former French President, and Coordinator of the EU Constitution, Valery Giscard d'Estaing.

    But he also warned to avoid to give Euro "a Global dimension" : "Its a European Money and must express its specific Culture of reason and stability in the concert of other world money".

    Co-Rapporteurs German MEP Verner Langen and French MEP Francine Beres, added in the debate their main proposals, endorsed by EU Parliament earlier in Strasbourg, to "strengthen the Political dimension of the EuroGroup, both internaly and externally".

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    In vain, Brittish Nationalist MEP Nigel Farad, speaking for the IND/DEM Group recalled the "old Soviet times"' facticious "plans", expressing "doubts" if the Euro will survive another 10 Years, and accusing the EU to "stuck" national Governments "inside Euro straitjacket", which will be "tested for the first time" during this Global crisis, as he said...

    He was contradicted by Greek Communist Kostas Droutsas, who blamed Euro to be, on the contrary, one of "Capital's tools to intensify the exploitation of the working class".

    The fact is that, during this first Month of 2009, EuroZone penetrated inside the first former "Socialist" country to adopt it willingly ; Slovakia. This incited the Czech Republic, currently chairing the EU, to move : Czech Prime Minister Mirek Topolanek anounced this same week in Strasbourg that his country intends to adopt the Euro currency asap, preparing another change at Prague...

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    As for EU Citizens, they are obviously glad to be able to move accross 16 EU Member States without being obliged, no more, to change money at each border, wasting time and paying exchange percentages, as in the Past.. But they's certainly like for EuroZone to become able to protect them also from Financial and Economic Crisis..

    Finally, this "big change" was nothing new for Strasbourg :

    - It's as soon as 1995, during a visionary "State of the Union" debate at EU Parliament here, that MEPs were told that the adoption of the Euro would "pave the way" for the emergence of a Political Europe :

    By tranferring to a European level the national States' traditional capacity to stimulate Economy by augmenting the mass of Money put into circulation, the creation of EuroZone would inevitably create the need to transfet to a European level also a responsibility for Economic Policy, the 1995 visionary debate had concluded.

    - "Vote for the Euro, and afterwards we shall have e Political Europe. Because if a Political Europe does not emerge to monitor the Monetary Europe, the People will never accept it, never", as former EU Commission's President, Jacques Delors had said earlier, Prof. Alain Lipietz, spokesman of the Green Group in EU Parliament, reminded.

    But Strasbourg's Mayor, Senator Roland Ries, in a special anouncement, after receiving President Poetterings' invitees at Rohan Palace, reminded also that "it was since 1989" that former French President Francois Mitterand had launched a call in Strasbourg, joined by German Chancelor Helmut Kohl and others, to boost a European Economic and Monetary Union..

    1995 - 2009, or even 1989 - 2009 : In fact, it's not only Ten, but ..almost 15 or even 20 Years !

- Isn't it late enough ? Will History give to Europe more Time to waste ?

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    - "Europe must be liberated from this undermining "wooden talk" of a "unique thought" which hampers democratic debates", stressed incoming EU Chairman, French President Nicolas Sarkozy, speaking to Journalists after his official meeting with EU Commission's President, Jose Barroso, at Elysee Palace in Paris

    - "It's precisely because there are not enough Debates, that EU hasn't managed yet to make it clear to European citizens what is really at stake", he added, in an obvious reference to the latest Irish "No" in 2008, after a long series of similar, unprecedented events, from the 1st Majority Abstention to EU Parliament's Elections in 1999, repeated in 2004, to the Dutch and French "No" in 2005, etc.


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          In fact, "there is no time to lose for Europe, and that's why we decided to start the French EU Presidency right away, from the first day", he explained, on France's exceptional choice to schedule the usual meeting with EU Commission from the 1st day of the 1st month, instead of the 5th, 6th, 7th, 8th, 9th or even 10th or 11th, as it had been done by others in the Past..    


    - "This is not an easy period, but we shall act with determination, while also listening to Citizens' views", he promised.

    Sarkozy's move came shortly before his opening Speech, next week in EU Parliament in Strasbourg, for the first Public Debate on the Priorities of the French EU Presidency (July - December 2008), and that's one of the reasons for which he significantly opened his EU Council's Chairmanship by welcoming at Elysee palace EU Parliament's President, German MEP Hans Gert Poettering at first..

    The incoming EU Chairman was replying to Press Questions about rumours that controversial British EU Commissioner on Trade, Mandelson, was alone to drop an invitation to have a working Diner at Elysee palace, together with all other EU Commissioners and the French Government, only because he would have been upset for some critical points made earlier by President Sarkozy in defense of European Agriculture vis-a-vis its Foreign competitors.

    But, as smiling Sarkozy played down Mandelson's reported refusal to debate, saying that he had to visit Marseille for a Ministerial meeting on Trade the next morning, and that "all our British friends are always welcome to taste a nice diner" in France, perhaps at another occasion..

    - "It's urgent to win anew the trust of the People" : Lately, "the European ideal lost its momentum. Since several years, whenever Citizens are questioned on Europe, they react with reserves : They even have .. a tendency to reply "NO".. After this 3rd "No" of a People in some years, there is an Urgency to convince", added French Prime Minister Francois Fillon, after a meeting earlier the same day of all Ministers with EU Commissioners, followed by an interview with Barroso

    "According to recent Polls, only 30% of French people believe that the European construction is a source of hope. It's only a poll, but we all now quite well, that, since 2005, it's dangerous to neglect these alarming signals, as it would be dangerous to treat with contempt the Irish "No", Fillon warned.

    "We all have a common duty to prove to the European Citizens who have doubts, that EU is more useful, more necessary, than ever" : And "that EU can take decisions needed in order to respond to European or Global challenges", the Prime Minister concluded.

    - "We believe, together with President Sarkozy, that EU should open debates on all issues of direct, concrete interest to Citizens", confirmed later to EuroFora the Head of France's governing party (UMP), Patrick Devedjan, after his speech to the European People's party (EPP) Study Days in Paris (2 - 4 July 2008).

    He didn't deny that one of them is Turkey : - "Public Opinion in France is very much unfavorable to Turkey's EU bid, and President Sarkozy has said that several times", he told EuroFora.

    From European Central Bank's controversial policies on Euro's value, to EU Enlargement Strategy, etc., issues of obvious importance to EU Citizens will be plenty, next week in EU Parliament in Strasbourg, before President Sarkozy launches the debates on EU 2008 French chairmanship's priorities on Thursday.

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