Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-10-25-Speech-1-067"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2004-10-25"^^xsd:date2
dcterms:Is Part Of	lp_eu:ECB 2003 annual report2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.20041025.13.1-067"2
lpv:hasSubsequent	lp_eu:2004-10-25-Speech-1-0682
lpv:speaker	lp:Antolín Sánchez Presedo2
lpv:spokenAs	member; PES (2004-07-20--2009-07-13)3 member; ECON (2004-07-21--2007-01-14)3 member; Delegation for relations with Japan (2004-09-15--2007-03-13)3 unknown; Partido Socialista Obrero Español (2004-07-20--2009-07-13)3 substitute; Delegation for relations with the United States (2004-09-15--2007-03-13)3 substitute; INTA (2004-07-21--2007-01-14)3
lpv:translated text	"Mr President, Mr Trichet, Mr Almunia, ladies and gentlemen, I would like to welcome you all warmly to this debate, which demonstrates the democratic element of the European Central Bank’s independence represented by parliamentary control and responsibility. I entirely agree with the aspects of Mr Lipietz’s report providing a favourable assessment of the European Central Bank’s reaction during 2003: low interest rates, clarification of the concept of stability and enlargement of the eurozone. The concern stems from the slow economic activity during 2003, particularly in the eurozone, and the continuing risks to growth. The Union has been designed to bring about both stability and growth; either one of them alone is not enough. Commissioner Almunia’s initiative is, therefore, very appropriate, and is going to require support. Hence, given the undeniable role of monetary policy in terms of promoting investment and productivity on the inside and competitiveness on the outside, the report’s resolution must place more emphasis on a close association between the European Central Bank and investment and growth policy. Nevertheless, the need for structural reforms must not become distorted through erroneous signals; the link between weak economic activity and low working time must therefore be excluded from the resolution. It is not compatible with the criteria of flexibility rather than rigidity, or the productivity criteria. The essential thing is to create more value per unit of time rather than more units of time. In short, a downward model will have a dissolving effect, and we need integrated, intelligent and ambitious economic governance in the economic, social and environmental fields."@en1

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