Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-11-15-Speech-1-041"

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"en.20041115.13.1-041"2
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"Mr President, the recent record rise in the euro/dollar exchange rate has caused concern in the minority of EU Member States that belong to Euroland, or in other words in the 12 of the 25 Member States which are in the euro zone. To a certain extent, the situation is of course beneficial to exporters in some of the countries of the ‘new’ EU. It is less beneficial, however, to the countries of the ‘old’ EU, and it demonstrates the European Central Bank’s helplessness and failure to take action. The reaction of the Frankfurt-based ECB to what is happening with the euro has in principle always been the same, namely a complete lack of reaction. I therefore propose that this House hold a debate on the role of the Central Bank. Mr Trichet, the ECB President, recently appeared before one of Parliament’s committees, and I hope a debate on the practical role of the Bank will also take place in this House."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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