1 Amendments of Daniel CASPARY related to 2008/2156(INI)
Amendment 10 #
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, possibly 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 ovtrading partners' under-valued currencyies may pose to their international competitiveness; at the same time sees the prospect, as a result of increased competitive pressure, that European firms will have to improve their competitiveness further and hence, in the medium term, could have an edge over their rivals;