Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-26-Speech-4-056"

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". Mr President, in my capacity as rapporteur, I should simply like to remind the House what is at stake in this second reading of a draft regulation on statistics, the aim of which is to establish a European framework for the compiling and transmission of quarterly non-financial accounts by institutional sector. This will be an important instrument for the conduct of monetary policy in the euro area – and I hope you are all committed to the single currency – and for the monitoring of Member States’ economic policies. At the first reading last year, on 30 March 2004, the European Parliament proposed only one amendment, which was designed to clarify the fifth recital. I should like to emphasise that these accounts of the European institutions will be integrated into the accounts for the relevant area, be it the eurozone or the whole European Union. The Council, which has taken ages over this – more than a year – has also introduced an amendment, relating only to Article 2. A common position was finally adopted on 8 March 2005, thanks to the Luxembourg presidency, which instilled a long-overdue sense of urgency. It is nevertheless appalling that the Council has taken a year to present us with its common position on a draft regulation to which Parliament and the Council each made only one amendment. Since the single currency has been in place for a number of years, the European Union should arm itself with instruments that enable it to collect, at less than yearly intervals, statistics covering all transactions in each of the major sectors. The Council has adopted our amendment, and I urge the House to adopt the common position, as the Committee on Economic and Monetary Affairs has unanimously recommended, so that this regulation can enter into force. The scheduled date is the first of June 2005."@en1

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