Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-016"

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"en.20030923.1.2-016"2
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"Mr President, the appointment of the new President of the European Central Bank and the opinion of the European Parliament on this appointment are acts that exercise the sovereignty of the European peoples and must be addressed with all due seriousness. One would hope that the appointment would one day be made solely by Parliament. Then it would have greater validity and greater weight. Today the House has the affirmative proposal of the Committee on Economic and Monetary Affairs and there is no doubt as to the professional qualifications of the candidate. On the contrary, his impressive career to date is a full guarantee of his personal qualifications. Unfortunately, the same cannot be said of the economic philosophy which the candidate President of the European Central Bank defended before the Committee on Economic and Monetary Affairs with such obstinacy. I am still having trouble understanding how an economist with Mr Trichet's immense experience could maintain that, in times of protracted economic stagnation, increasing public spending may damage the recovery of the economy. He took recourse to various theoretical sophisms, while it has been known since at least 1910 that the classic antidote to depression and unemployment are public works. I imagine that even Mr Trichet would agree that, without investment, the economic machine cannot restart and I imagine that he himself will note the delay in private investment and the need for us to give impetus to public investment, as Mr Chirac and Mr Schröder have finally understood, albeit belatedly. If, however, persistence with this philosophy was reason enough to vote against Mr Trichet last week, I greatly fear that it is no longer reason enough, because in the meantime the Swedish people have rejected the euro, forcing all of us to rally round the symbols of the stability of the single currency, which is why I feel it is my obligation – and I believe that I speak at least for my Greek colleagues with similar visions – to support and vote in favour of Mr Trichet. Nonetheless, I hope that he will be forced by events to take a different attitude and stance because the central bankers cannot use their stance to say, as Mr Lipietz said, ‘ ’, [after me the deluge] nor can they say ‘ ’ [before me the deluge, for the duration of my reign the deluge and after me, may God help us]."@en1
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"après moi le déluge"1
"avant moi le déluge, pendant moi le déluge, et après moi Dieu nous sauve"1

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