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7/18/05

IOL: EU presidents plug benefits of integration

IOL

EU presidents plug benefits of integration

Seven European presidents urged Europeans to rebuild their trust in the EU and plugged the benefits of the continent’s integration in a joint opinion piece published in major newspapers across the bloc today. The presidents of Austria, Finland, Germany, Italy, Latvia, Poland and Portugal acknowledged the recent rejection of the proposed EU constitution by French and Dutch voters showed that “many citizens feel European policy falls short of their expectations”.The seven said EU integration had already brought safety from war, prosperity and economic strength. They said the euro, which many Europeans blamed for price hikes, had contributed to low interest rates, monetary stability and lowering of transaction costs. “Only together will European nations be able to hold their own in competition and successfully negotiate with countries like the USA, but also with China and India,” they wrote.

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