Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-11-Speech-2-155"
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"en.20030311.7.2-155"2
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"Mr President, I am disappointed by the proposals for reform of the management structure of the European Central Bank, under which different classes of member will be created and a small group of large countries will in practice make the decisions. Nor do I see how it is possible to reconcile the fact that a few large Member States that now happen to be obstructing the implementation of the Stability and Growth Pact should have a prominent place in this lead group, while smaller Member States, which from the beginning have conducted a responsible and correct monetary policy, are relegated to second class. These proposals affect the equality of the Member States. Must those in the second and the third groups simply keep quiet in the discussion or stand aside while the great of the earth cast their votes?
No, Mr President, I think that the situation as we know it at present is perfectly all right. The rapporteur rightly says that we still have plenty of time to look calmly at a better system. Let us first acquire some experience of enlargement before we turn things upside down and subsequently opt for a simple and transparent management system with a European and not a national perspective. My own country would find the whole situation even more disagreeable. The Netherlands is one of the countries that have conducted a strong monetary policy for years. Initially we will be allowed to go along with this lead group, but as soon as the United Kingdom joins the euro zone we will be thanked for services rendered by being returned to the bench. Whilst I fervently hope that the United Kingdom will join at some stage, it is a rather sorry state of affairs when it entails consequences of this kind. Countries that have for some years been sawing more or less vigorously at the legs of European monetary stability are seeing themselves rewarded. It is nonetheless inconceivable, Mr President, that we throw away the euro in this way."@en1
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