Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-011"
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"en.20030923.1.2-011"2
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"Mr President, I shall be abstaining from voting on Mr Trichet's appointment partly because, as the UK is not a member of the eurozone, I tend to act cautiously in speaking on these internal matters of organisation in relation to the euro, and partly because I have mixed feelings about Mr Trichet's appointment. He is clearly an exceptionally talented, able and intelligent central banker. However, at the end of our discussions in committee, I felt that despite these qualities he really did not have anything new to say about the euro. He did not have any answers to some of the real economic problems that we are seeing in the eurozone.
There are increasing levels of unemployment in Germany and France and their economies are in trouble to the extent that neither are able to meet the rules of the Stability Pact. It is clear that there are real economic problems in the eurozone and I have heard nothing from Mr Trichet that would indicate his ability to solve them.
It came as no surprise to me that the Swedes have decided that they do not want to abolish their national currency. The continuing economic difficulties in the eurozone are one of the many reasons why the UK should not abolish its national currency either. For those reasons I shall be abstaining from voting on Mr Trichet's appointment."@en1
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