Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-10-26-Speech-2-093"

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"en.19991026.3.2-093"2
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"Mr President, on behalf of the Liberal Group, I am pleased to express our support and favourable position with regard to the report presented by Mr Huhne, concerning the 1998 annual report of the European Central Bank. First of all, we must congratulate ourselves on the process of introducing the euro. It is now a complete reality which is operating with total normality on all the economic levels envisaged – in the Member States, in the European Union, on an international level. The good leadership and management of the European Central Bank has undoubtedly contributed to this normality and we should congratulate it and its President since, during the early months of the establishment of the euro, when the initial approaches were adopted, they had to overcome – and they did it skilfully – certain adverse circumstances at moments which were clearly delicate at an internal as well as an international level. At that time – and I must insist on this – the European Central Bank displayed skill, good leadership and management and the ability to maintain the principles of independence. This very solidity, which has been demonstrated in so few months, should allow us to be braver, more decisive in some areas which have already been mentioned, which are in Mr Huhne’s report and which I would like to insist on. One of them is clearly the issue of transparency in some areas that the President of the Central Bank himself has already mentioned. The publication of the forecasts, the possibility of having access to the minutes of meetings and a global report on the economic progress of the Member States are elements which will contribute – as the Committee on Economic and Monetary Affairs, by means of the intervention of its President, Mrs Randzio-Plath, has demonstrated, and as mentioned in Mr Huhne’s report – to the consolidation of the level of internal and international acceptance and, of course, transparency, not only with regard to public opinion but also with regard to the experts in monetary affairs. Let me end by insisting on the specific position of the Liberal Group which calls for, after the transitional period of two years, the publication of votes, the various positions taken in the meetings of the Executive Board and the macroeconomic models, which I believe would allow more convincing and accurate forecasts to be made by those whose operations relate to the European Central Bank."@en1

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