Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-07-03-Speech-2-090"
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"en.20010703.6.2-090"2
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"Mr President, Mrs Randzio-Plath’s report is, bar one paragraph, a balanced report. The Paragraph in question is the ninth. In our opinion, it compromises the Bank’s independence. The Bank’s task is to monitor price stability in the medium term, not overnight. We want an independent Bank. It is therefore inappropriate for Parliament to prescribe the Bank’s monetary policy. This is an essential point, in our view. Without this adaptation, we will be voting against the report, despite the fact that we give our wholehearted support to the rest of the report. Looking back to the year the report was drawn up and – inevitably – this year to some extent, we still have a wish list with regard to the bank’s communication policy. There is room for improvement in its communication with the financial markets and society.
Mr Duisenberg, I asked you at your hearing whether you are able to stay on. You then replied in the affirmative, yet your stepping down is well documented in the press, as if it were a
after all. There is a desperate lack of good candidates. You have gained a great deal of experience. I would ask you once again: are you able to stay on to complete your term in office?
Concerning the conversion to the euro, you know my position.
Finally, I should like to comment on cross-border payments. Banks and companies will all earn back the costs incurred during the currency conversion, or they will receive compensation. People in Europe will surely not be the only ones footing the bill and experiencing the disadvantages without gaining any benefits. Mr Duisenberg, I insist that both the Bank and the European Commission assume their responsibilities, assigned in the Treaty, and ensure that cross-border payments which, after all, are no longer cross-border in a European home market, will, on 1 January 2002 cost about the same as remittances at home. You are undoubtedly aware that they have not become cheaper of late, but have become more expensive, by half a euro on average! I should like to inform the Directorate-General Competition of the fact that Parliament will resist a fixed fee of EUR 3 for receiving banks. That would mean that, in some countries, the price would, in fact, increase rather than decrease, and that would be unacceptable!"@en1
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