Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-05-17-Speech-3-107"
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"en.20060517.16.3-107"2
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".
What clearly emerges from the answers given by the applicant Mr Stark to the questions put by the members of the Committee on Economic and Monetary Affairs is his acceptance of the monetary policy pursued by the European Central Bank, not least the ECB’s primary objective of price stability. This means that there will be no change of objectives, such as the inclusion of objectives relating to economic growth and employment.
He also offered qualified support for the 1997 version of the Stability and Growth Pact, and has stated that the 2005 reform weakened the Pact. This monetarist, neoliberal blinkeredness, which panders to the profits of the large multinational companies operating in the EU and which places the workers – and their jobs, their rights and their salaries – as an adjustment variable during crises, is in keeping with its role in creating the single currency and the Stability and Growth Pact.
In addition, it should once again be noted that the new faces on the ECB Executive Board are exclusively from the large countries (one German replacing another). If one adds the rotation of votes on the Council, the small countries are being pushed to the margins when it comes to monetary decisions in the Economic and Monetary Union.
Hence our vote against."@en1
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