Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-10-Speech-2-209"
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"en.20050510.24.2-209"2
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"Mr President, I too would like to begin, on behalf of the Commission, as Mrs Berès has done, by paying tribute to the work carried out by Mr Padóa-Schioppa during his mandate as a member of the Executive Board and of the Governing Council of the European Central Bank. I believe he has demonstrated skill, respect for his institutional responsibilities and a professionalism that is beyond all suspicion; a professionalism that has also been demonstrated by Mr Bini Smaghi throughout his career.
The European Commission does not participate in the formal procedure for selecting and appointing members of the Governing Council of the European Central Bank, but it has been lucky enough to work with and know Mr Bini Smaghi for a long time in his role as a highly qualified and very experienced economist in the Banca d'Italia and in his work within the Italian administration and also within the context of his very active participation in the Economic and Financial Committee, within which, until he was appointed as a member of the Executive Board and of the Governing Council of the European Central Bank, he has been chairman of the subcommittee on monetary and financial affairs.
I believe him to be an absolutely ideal person to carry out the duties being entrusted to him and, therefore, although, as I have said, we do not participate in a formal manner, we will be extremely pleased if Parliament supports this appointment, just as the Ecofin Council did.
I would like to make a final comment. The Commission does not participate in the procedure, but it is the guardian of the Treaties, and we have monitored extremely closely whether the Treaties and the rules in force have been complied with throughout all the stages of Mr Bini Smaghi’s appointment. They have, in fact; I had the opportunity to say so during the Ecofin meeting that unanimously proposed him as a candidate. However, I would like to take this opportunity to say that there are still four Member States of the eurozone which have yet to participate in the Executive Board of the European Central Bank (Belgium, Luxembourg, Ireland and Portugal).
The fact that during the last two replacements of members of the Executive Board of the Central Bank, the institutions have appointed people of the same nationality as the person being replaced in no way prevents the Commission from pointing out that the procedure must not take account of the nationality of the outgoing person, but rather of the professional competence of the new candidate, as has undoubtedly been the case here."@en1
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