Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-103"
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"en.20030923.4.2-103"2
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".
The appointment of the next president of the European Central Bank is an act of the utmost importance because, in addition to the personality of the candidate, it is also, and above all, on monetary policy that we should comment.
In the event, although I am clearly pleased that a Frenchman is soon to become president of the ECB, I cannot avoid the fact that Mr Trichet, for he is the person we are discussing, embodies a strict budgetary orthodoxy and demands that this be implemented. Mr Trichet put this quite bluntly during his hearing with the Committee on Economic and Monetary Affairs: come hell or high water, he intends to continue the approach he has inherited from Mr Duisenberg, in other words, a form of monetarism that is as rigid as it is inappropriate.
This decision should not be endorsed, however. At a time when many Member States are unable to comply with a Stability Pact, the limitations of which appear, in the current situation, to be completely out of step with the harsh realities of the economic climate, I cannot sanction the appointment of a candidate who is clearly afflicted by the same disease: autism."@en1
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