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existence of the Euro, and it does function well for the 9 European Member states, which are
not part of the Euro.
And it does function well between such 9 non-Euro member states with their 173 million
people, and the 19 Euro member States with their 334 million people.
To preserve this 28 European Countries internal market and political framework, and the
concomitant peacefully living together, is many more times important and beneficial for the
people than the existence of the Euro.
Indeed, and thank God, the 28 European Countries internal market and political framework is
not in danger, and it is the biggest economic and political achievement in the history of
Europe.
And let me say, it is also the biggest economic and political experiment in the history of
mankind. And let me add: It is admired for this in many parts of the world outside Europe.
Let me quote the Polish Donald Tusk, President of the European Union Council, who said this
month:
Quote: I am profoundly convinced, that no country has a better life outside of the European
Union.
Unquote.
And I do say: as Europeans we know: One of our biggest assets, among all others which are
commonly mentioned, is our cultural richness and diversity. Out of this follows, that not
everything must be harmonized by Brussels. To the contrary: Diversity must be maintained
and cherished.
Again I quote the Polish Donald Tusk, President of the European Union Council, who said
this month:
Quote:
Great Britain is playing a key role in the endeavour, to strengthen the competitiveness of
Europe by way of a functioning internal market, and without an excess of regulations.
Unquote.
What advice can be given to the treasurers in this room, in the present economic and political
environment:
To those in this room, not from countries, who have the Euro as currency: Do not worry not
to being part of the Euro. You have the benefits of the internal market, you do not have the
burdens that go with the Euro. So wait and see.
And do not forget this statistics: Within the Euro, countries with lower per capita income must
subsidise countries with a higher per capita income. Why get yourself into this. Wait until the
Euro has become a fair institution.
IGTA eJournal | Summer 2015 | 12