Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-02-16-Speech-4-189"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-02-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Strategic review of the IMF (debate)2
dcterms:Language	"sv"^^xsd:language2
lpv:document identification number	"en.20060216.20.4-189"2
lpv:hasSubsequent	lp_eu:2006-02-16-Speech-4-1932
lpv:speaker	lp:Lars Wohlin2
lpv:spokenAs	unknown; Junilistan (2004-07-20--2006-09-27)3 member; IND/DEM (2004-07-20--2006-09-25)3 member; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2004-09-15--2007-03-13)3 substitute; BUDG (2004-07-21--2006-09-25)3 member; ECON (2004-07-21--2007-01-14)3
lpv:translated text	"The IMF’s board of directors consists of 25 people, each of whom represents an individual country or group of countries. The EU countries are represented individually or as members of nine of these groups. The Nordic Group consists of the Nordic countries and the Baltic states and thus includes countries such as Norway and Iceland, which are not members of the EU. The IMF’s role has changed since the organisation was founded immediately after the Second World War. Operating within a system of fixed exchange rates, its main tasks from the beginning were both to help countries with balance of payments problems temporarily to fund deficits in the balance of current payments and to check that the countries concerned were taking good care of their economies. It was also important that the countries did not devalue their currencies in order to become more competitive. Nowadays, the eurocountries, armed with their European Central Bank, have approximately the same role as the IMF. The eurocountries have fixed exchange rates. Possible concessional credits to eurocountries that end up in financial crises need to be handled within the group of eurocountries. Countries outside the eurozone have fluctuating exchange rates and do not therefore end up with balance of payments problems. They also have better control of their debt ratios. It would be natural for the eurocountries to form a common group in the IMF, with one headquarters. EU countries outside the eurozone should not be part of the group. Nor is there any reason for Sweden to form part of a common EU group. If it were, we should also lose our ability actively to influence the IMF’s relations with the developing countries."@en1

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