Tuesday, January 11, 2011

This house believes that the euro project is fundamentally misconceived - Opening speeches

First Proposing Speech
Good Morning everyone!
We are here today to debate whether or not the Euro project is fundamentally misconceived.
Let me start saying that we do like the idea of a unique currency in Europe. However, we really think that there are some fundamental - but not without a solution – problems about the Euro. There will be two sides in my speech: I will first describe the economical aspect of the situation, and then I will focus on a more cultural argument. [...]

First Opposing Speech
Ten days ago, Estonia changed its old currency for the Euro, and thus, decided to join this community of competition and unity. Since 1999 and its creation, the Euro zone is a daily debated issue. We assume that over the 10 past years, the countries belonging to this Zone have evolved, sometimes with growth, sometimes without. But all these troubles are not caused by the Euro only. In fact, we actually believe that it limited the fall of some economies. Indeed, the basic conception of the Euro zone is linked with growth and competition. [...]

First Proposing Speech
Good Morning everyone!
We are here today to debate whether or not the Euro project is fundamentally misconceived.
Let me start saying that we do like the idea of a unique currency in Europe. However, we really think that there are some fundamental - but not without a solution – problems about the Euro. There will be two sides in my speech: I will first describe the economical aspect of the situation, and then I will focus on a more cultural argument.

Let’s start with a few dates:

1945: End of WW2
1951: Creation of the CECA
1957: Creation of the CEE
1992: The Treaty of Maastricht creates the European Union (EU)
2002: Initiation of the Euro

Don’t you think we are going a little too fast?
Don’t you think there is a reason why that list ends with the Euro?

Since the end of the WW2, we have decided to build a new Europe to insure peace. The Euro’s goal was to reinforce the economy of each European country, which was a member of the EU, to allow Europe to have its place in the world. Basically, we wanted to compete with the US dollar.

Let’s hear the economical argument:
We live in a world where everyone is connected to everyone. All the countries exchange products with others, making some debts. That’s the capitalism’s theory. The problem in the European Union is that some countries have bigger debts than others. We can quote Greece, Portugal or Spain. Before 2002, those countries could have fought back using the “currency weapon”. Unfortunately, since the institution of the Euro, that doesn’t work any more.
What shall we do, my dear readers?
Of course, you will tell me that the other - more healthy - countries from the EU can help. Yes. They can help and they do so. For example, France has decided to give 17 billions euro to Greece in the next three years. A pleasant present isn’t it? Because, let’s face it: the French people will certainly never see that money again, not entirely at least. The fact is: The European Union cannot indefinitely rest on the shoulders of its virtuous members, which are Germany, Belgium, Finland, for instance.
And what about the crisis? We know that there is no capitalism without them. So what good could bring a currency like the Euro if it breaks every time there is a crisis? If one member goes down, everybody risks following him.
What shall we do my friends?
We wanted a strong currency. And look what we got: a strong but unstable currency. Are you really satisfied with that?

Let’s now come to our cultural argument:
How old is The United States of America? Let’s say it was born the Fourth of July 1776, Independence Day. How many languages are spoken there? How many cultures coexist?
That’s right: Europe cannot be compared to the USA. Europe is indeed an old continent with its many cultures and languages. We cannot hope to create the same type of currency as the US dollar. If we want to be economically strong, we also want to protect our cultures.
Let me ask you a question: Have you ever heard a man say “I’m European” instead of “I’m French” or “I’m Spanish”? No? Well, indeed. And the explication is very simple. There is no European culture. Not yet, anyway.

To end my speech, I just want to say that we do not want the end of the Euro. We really like the idea, but we also think it has perhaps been initiated too quickly; that’s why there are some fundamental points which need to be seriously reviewed.
The Euro is our currency; it’s also our problem to solve.

Thank you very much.
Make the right choice,
Vote for us.

By AMD

First Opposing Speech
Ten days ago, the Estonia changed his old currency for the Euro, and thus, decided to join this community of competition and unity. Since 1999 and his creation, the Euro zone is a really/daily debated issue. We assume that within the 10 past years, the countries belonging to this Zone have evolved, sometimes with growth, sometimes without. But all these troubles are not caused by the Euro only. In fact, we actually believe that it limited the fall of some economies. Indeed, the basic conception of the Euro zone is linked with growth and competition.

In the following speeches, we will study the aim and the consequences of the creation of a Euro currency to show you there is no misconception. We are going to develop three points about it: first of all, it makes us stronger because it unifies these 17 countries. Then, it increases the competitiveness of the countries at too levels : on an international scale, the Euro zone can now even be compared to the United States or China and between the countries, from France to Estonia, we can immediately and clearly tell you   the difference between the price of bread or flour between these countries. Finally, in the same idea, the Euro makes our daily lives easier when we want to buy something, to travel. It is also really useful for European companies.

The community gathers 17 different countries: some leaders such as Germany, France, others as emerging economies (Estonia, Slovakia) and some ailing ones (Portugal, Greece). Thanks to that, it is an extraordinary way for some countries to develop their economies and sometimes more: for example, it enables Eastern countries to keep away from the Russian influence after the end of USSR 20 years ago. They can be economically and politically independent from Russia. Then, the Euro Central Bank ECB is here to keep inflation rate under 2% and help countries to keep developing in encouraging mature countries to lend billions of Euros with a common and defined rate. Because we all share a part of our economy, we share both problems and growth. But in the first case, because we are unified, we are stronger against a crisis and we may help each other to remain at stable levels during hard time. Now, even Great Britain is thinking about joining the Euro zone. Indeed, it would mean better conditions for long-term businesses, for instance. Then, thanks to the Euro we are stronger against raw material prices evolution: because the Euro was at 1.50 $, it partly absorbed the oil peak. To conclude, it has helped families all around Europe and drivers during this oil crisis. The Euro is still quite strong against the dollar: around 1.3 $.

To conclude, the Euro project unifies 17 countries with different policies and economies helping them to overcome the crisis, to go on developing and to emancipate from some countries influence such as the Russian or the American one. In the following speech we will present you how it makes us competitive inside and outside of the area.

Thank you for reading, and vote for us!

By MB


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