Local view for "http://purl.org/linkedpolitics/eu/plenary/2000-07-05-Speech-3-033"
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"en.20000705.2.3-033"2
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"Mr President, Mr Duisenberg, ladies and gentlemen, I think that the Radwan report is particularly important, because it cannot be read in isolation from the next item about the euro information campaign. I am glad that 11 of my 12 amendments were accepted in committee. I had three principal aims in mind with those amendments.
Firstly, to enhance and underscore the independence of the European Central Bank. To my mind, this independence also implies freedom from instructions, and this is justified because the ECB has a clear remit, which is to maintain price stability. My second aim is to call on the ECB, through this House, to continue to pursue its stability policy so as to ward off the increasing risk of inflation. My third aim is to give a signal to all the applicant countries that membership of EMU is conditional not on political concessions, but on meeting the convergence criteria.
So this report is also important as regards the information campaign, as I have already said, because the media’s overemphasis on the euro’s external value, which has a psychological impact on public confidence in the single currency, needs to be countered to a greater extent by the demonstrable success of economic and monetary union, to which everyone must give greater prominence.
We must not allow information on the technical changeover to be overshadowed by information about the political objectives and the successes achieved so far.
By way of conclusion, I would therefore like to say that the euro, as this report demonstrates, is a project for growth and employment, for a successful single market and for enhancing Europe’s identity. The euro is a project for price stability and lower inflation rates, for increasing competitiveness and improving public finances, so that we finally put a stop to the process of selling out our future for budget policy reasons."@en1
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