Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-26-Speech-4-019"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-10-26"^^xsd:date2
dcterms:Is Part Of	lp_eu:European Central Bank Annual Report (2005) (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20061026.3.4-019"2
lpv:hasSubsequent	lp_eu:2006-10-26-Speech-4-0202
lpv:speaker	lp:Robert Goebbels2
lpv:spokenAs	unknown; Parti ouvrier socialiste luxembourgeois (2004-07-20--2009-07-13)3 substitute; CONT (2004-07-21--2007-01-14)3 member; Delegation for relations with the countries of South Asia and the South Asia Association for Regional Cooperation (SAARC) (2004-09-15--2007-03-13)3 member; ECON (2004-07-21--2007-01-14)3 substitute; Delegation to the ACP-EU Joint Parliamentary Assembly (2004-09-15--2009-07-13)3 substitute; INTA (2004-07-21--2007-01-14)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2004-09-15--2007-03-13)3 vice-chair; PES (2004-07-20--2009-07-13)3
lpv:translated text	"Mr President, since its creation, the European Central Bank has fulfilled its primary mission, namely the fight against inflation. Rates of inflation in the euro zone have thus remained below those in the United States and Great Britain. The public is mistaken in believing that the euro has made prices soar. Admittedly, there was an inflationist surge during the transition to the euro, mainly in the catering and retail sectors, where prices were rounded up a little too high. That said, since this surge of initial excitement, underlying inflation has in general remained under control. The price boom on the oil and gas markets represents an external shock over which the Union has very little control. However, because the euro has risen against the dollar, which remains the currency in which raw materials are listed, the shock has been less severe for the euro zone than for the Americans. The euro is in fact a shield that has protected the whole of Europe during events such as the war in Iraq, the war in Afghanistan or even 11 September 2001. Without the euro, many European currencies would have been under pressure and would have threatened the internal market with collapse. As Mr Zapatero pointed out, Spain would never have been able to withdraw its troops from Iraq if its currency had been the peseta instead of the euro. Although the euro has served Europe well, and although I congratulate the ECB on the work accomplished, I remain convinced that the ECB could do better. President Trichet and his colleagues attach too much importance to the fight against inflation, while inflationist risks remain very limited. On the other hand, the ECB refuses to lend its support to the Union's general economic policies and justifies its position by arguing that the Constitutional Treaty stipulates that maintaining price stability represents the only possible support for Europe's general economic policy. The ECB is independent and will remain so, even without Mr Radwan’s support. This is another reason to be open to dialogue. Those who are independent, Mr President, can allow themselves to maintain a more active cooperation with the Eurogroup, for example with a view to achieving more sustained economic development for Europe. Growth and stability are the two feet moving Europe forward."@en1

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