Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-10-06-Speech-3-280"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"1999-10-06"^^xsd:date2
dcterms:Is Part Of	lp_eu:Question Time (Council)2
dcterms:Language	"da"^^xsd:language2
lpv:document identification number	"en.19991006.8.3-280"2
lpv:hasSubsequent	lp_eu:1999-10-06-Speech-3-2812
lpv:speaker	lp:Ole Krarup2
lpv:spokenAs	substitute; Committee on Legal Affairs and the Internal Market (1999-07-21--2002-01-14)3 substitute; Delegation to the EU-Malta Joint Parliamentary Committee (1999-09-29--2002-01-14)3 member; Committee on Citizens' Freedoms and Rights, Justice and Home Affairs (1999-07-21--2002-01-14)3 member_of_the_bureau; EDD (1999-07-20--2001-12-10)3 member; Delegation to the EU-Slovenia Joint Parliamentary Committee (1999-09-28--2002-01-14)3 unknown; Folkebevægelsen mod EU (1999-07-20--2004-07-19)3 member; Delegation for relations with South-east Europe (1999-09-28--2002-01-14)3
lpv:translated text	"Thank you for your answer. I should like to ask an additional question. The fact is, the huge power which the European Central Bank has to intervene in national financial institutions and the national banks is part and parcel of a highly cryptic system reminiscent of a nest of Chinese boxes. I am very familiar with Article 28 of the Statute. In addition to this, there is Article 30 which stipulates that the contribution may be increased by the currency reserves to ten times as much, that is to say EUR 50 billion. What is more, Article 30(4) has a condition to the effect that the European Central Bank can call in currency reserves over and above the maximum, which is set at EUR 50 billion. This is a very large sum, whether it be for Denmark or for other countries, and this maximum may, of course be established by means of a majority decision in the Council on the basis of a recommendation of the Board of Management, which also makes majority decisions, while each individual country has the voting weight to which its contribution entitles it. My question is: are there any limits?"@en1

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