Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-02-11-Speech-2-217"

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"en.20030211.10.2-217"2
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". The issue mentioned by the honourable Member was raised in the convergence report adopted by the Commission on 22 May 2002 and also in section 6.2 of the convergence report by the European Central Bank of 2002. It should be observed that the comments of the Commission contained in its report stress the absence of detailed legislation on the financial transfers of the Central Bank to the Swedish Treasury, particularly in relation to the allocation of extraordinary benefits and payments. That legislation should establish the rules and conditions for the carrying out of such transfers and should guarantee that the Riksbank conserves the financial resources necessary to comply with its obligations within the framework of the European central banks system. In the absence of such rules, there is no adequate guarantee of the independence of the Central Bank and particularly its financial independence. It should also be observed that the relevant requirements within the framework of the Treaty appear in Article 108 – the independence of the Central Bank – and in Article 109 – the compatibility of national legislation with the Treaty. These articles apply both to the participating Member States and to the Member States with exceptions."@en1

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2http://purl.org/linkedpolitics/rdf/Events_and_structure.ttl.gz

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