Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-07-11-Speech-3-282"

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"en.20070711.27.3-282"2
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"I wish to begin by thanking both rapporteurs for their constructive work. The European Central Bank is doing a good job of fulfilling its tasks. Even if the debate gets a bit heated sometimes, Mr Trichet always succeeds is calming people down with a use of language worthy of a diplomat. The ECB has become significantly more open and more transparent than it has been, but Parliament’ demands for minutes to be published remain. That system works well for other central banks and would strengthen the ECB and increase its reputation. We also again express our desire for a more open procedure for elections to the Executive Board of the ECB. It is extremely important to safeguard the ECB’s independence and to support the goal of price stability. The Group of the Alliance of Liberals and Democrats for Europe gives the ECB, Jean-Claude Trichet and Jean-Claude Juncker its full support where this crucial issue is concerned. We know that a firm stability policy is a basic condition for a growing Europe. Unfortunately, there are quite a few of us who are concerned that the strident tones of the French presidential election campaign will now continue. Monday’s meeting in Brussels does nothing to reduce this concern. That concern is also present in the committee, even if Mr Juncker is trying to reassure us, and it can be heard in the wide-ranging debate in this House today. There are wordings in the report that could be taken as a pretext for calling the into question independence of the ECB and allowing it to interfere politically to a greater extent. Those are developments that we reject. I would point to the wording of paragraph 10 which, in turn, refers specifically, as did Mr Hamon, to Article 111 of the Treaty. It would be extremely unfortunate if our report could in any respect be seen as calling the ECB into question."@en1

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