Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-26-Speech-4-013"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20061026.3.4-013"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
Mr President, I shall refrain from dwelling, on behalf of my group, on the first part of Mr Trichet’s account or on what Mr Lauk stated a moment ago. Suffice for me to say that I welcome such a political dialogue – as Mr Lauk’s viewpoint is also a political viewpoint obviously – with you on a regular basis. We have ourselves conducted such a dialogue only recently, and I think we should persevere with it. The report that is now before us reflects, in my view, just how mature this dialogue has become, touching, as it does, upon very serious subjects, including the link between monetary policy and macro-economic policy, which is of huge importance to our group. Allow me to single out two or three items which have been subject of discussion.
First of all, I am delighted with what Mr Trichet had to say about hedge funds, his commitment to better analysis of them and to the adoption of a much more serious stance with respect to them. Whilst we stated this in very specific terms a few weeks ago during the dialogue, he was a little more hesitant back then. I am therefore pleased that this has now been spelled out much more clearly – I have referred to this in a different connection as the black hole of the financial markets – because that black hole is widening all the time and must be plugged very deliberately by monitoring financial markets, not least with stability in mind.
The second point is the appointment of the members of the ECB’s Executive Board. In the spring, we debated this very subject further to Mr Stark’s appointment. We then said quite clearly, because we did not have anything against Mr Stark himself, who was well-qualified, but wanted to talk about the procedure, that we would not dwell on the appointment procedure and would come back to it in this report, which is what we are doing now.
I regret that the Group of the European People’s Party (Christian Democrats) and European Democrats refuses to help improve – by making it more fully-developed – this appointment procedure, and also the role we in this House can play in this. I am pleased, though, that at least the Liberals and other groups are prepared to lend their support. I hope that we can make the necessary progress in time for the next appointment, which, as it happens, will not be until 2009/2010. This is very important, because it should not be the case that large countries have a qualified seat and that it is, in this case, only in the Federal Chancellery in Berlin that it is decided who is a good candidate.
Finally, I should like to turn to the subject of Target II. We have clearly decided not to speak out on this, or on the code of conduct that is being prepared by the Commission for that matter, but to closely monitor your next move instead. What we would say at this stage is that if, and only if, the ECB and the euro system are to have an active decision-making role in this, this should involve sound monitoring and democratic decision-making; that much we agree on."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples