Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-05-15-Speech-4-065"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20030515.3.4-065"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
The European Central Bank (ECB), a symbol of the monetary orthodoxy that we have witnessed in Europe, is one of the least democratic institutions, not only because its policy-making is free of any democratic control, but also because it is the only Community institution in which not all Member States are represented on the Executive Board. The recent changes to its decision-making procedure, establishing a rotating system, have removed permanent voting rights from members of the Central Bank’s Governing Council, distancing some countries, such as Portugal, even further from decision-making on monetary policy – an approach that we reject. We therefore hoped that replacing one member of the Executive Board, in this case by Mrs Tumpel-Gugerell, an Austrian, might help to change the current situation. If we study the answers she gave to the parliamentary questionnaire, however, what emerges is her unconditional support for the monetary and budgetary orthodoxy in force. She believes, for example, that the best contribution she can make to the economy is to apply the Stability Pact and insists that the ECB focuses on price stability. This means that everything will carry on just as before."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples