8 Amendments of Godelieve QUISTHOUDT-ROWOHL related to 2008/2156(INI)
Amendment 1 #
Draft opinion
Paragraph 1
Paragraph 1
1. Welcomes the fact that, ten years after its creation, the Economic and Monetary Union is considered a technical and political success and that, since its introduction, the euro has taken on an important role in international tradehe euro has established itself alongside the US dollar as an international currency for trade transactions not only between euro zone countries and third countries, but also, increasingly, among third countries;
Amendment 2 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Considers that the euro system, its monetary policy and the resulting stability of the euro have made a contribution towards the economic and financial integration of the world economy;
Amendment 3 #
Draft opinion
Paragraph 2 a (new)
Paragraph 2 a (new)
2a. Points out that the increasing use of the euro as an international trading currency is benefiting the euro zone members in particular, since it reduces the exchange rate risk for firms from those states and hence the cost of international trade;
Amendment 4 #
Draft opinion
Paragraph 2 b (new)
Paragraph 2 b (new)
2b. Welcomes the fact that, by strengthening the EU internal market, the introduction of the euro has improved the international competitiveness of European firms and strengthened the weight of the European Union in multilateral and bilateral trade negotiations;
Amendment 5 #
Draft opinion
Paragraph 2 c (new)
Paragraph 2 c (new)
2c. Welcomes the fact that Economic and Monetary Union has increased the attractiveness of the euro zone for foreign direct investment;
Amendment 6 #
Draft opinion
Paragraph 3
Paragraph 3
3. Considers that inflation is a global reality and that in an open economy it cannot be combated solely by European monetary policy, by successfully discharging the mandate to give priority to monetary stability, the European Central Bank has strengthened confidence in the euro and hence made a crucial contribution to the euro's international attractiveness;
Amendment 11 #
Draft opinion
Paragraph 4
Paragraph 4
4. Considers that the eurozone is much more open than any other major economy and that the rising value of the euro has encouraged imports into the internal market at the expense of exports, adversely affecting economic growth and employment in the eurozone; notes in this connection the concerns expressed by many European companies, particularly in the industrial sector, regarding the threat that an over-valued currency may pose to their international competitiveness;
Amendment 13 #
Draft opinion
Paragraph 4 a (new)
Paragraph 4 a (new)
4a. Takes note, in this connection, of the concerns of a host of European firms; stresses that a strong euro can bring benefits, too, by cushioning the rise in energy prices, for instance, which also benefits consumers;