Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-09-Speech-3-016"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2008-07-09"^^xsd:date2
dcterms:Is Part Of	lp_eu:Report on the ECB annual report for 2007 (debate)2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20080709.2.3-016"2
lpv:hasSubsequent	lp_eu:2008-07-09-Speech-3-0172
lpv:speaker	lp:Johannes Blokland2
lpv:spokenAs	chair_of_the_bureau; IND/DEM (2008-05-09--2009-07-13)3 vice-chair; ENVI (2007-02-01--2009-07-13)3 member; Temporary Committee on Climate Change (2007-05-10--2009-02-04)3 member; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2004-09-15--2009-07-13)3 member; Delegation to the EU-Kazakhstan, EU-Kyrgyzstan and EU-Uzbekistan Parliamentary Cooperation Committees, and for relations with Tajikistan, Turkmenistan and Mongolia (2004-09-15--2009-07-13)3 substitute; TRAN (2007-01-31--2009-07-13)3 unknown; ChristenUnie - Staatkundig Gereformeerde Parti (2004-07-20--2009-07-13)3
lpv:translated text	"Thank you, Mr President. Welcome too to Mr Trichet, President of the European Central Bank, and to Mr Juncker. I would like first of all to congratulate Mr Trichet on the annual report he has just presented. Things are not looking good for the euro area, let us make no bones about it. I fear that in the years ahead many of the doubts voiced at the launch of the euro are going to be proved right. After a few years of prosperity we shall now see whether the European Central Bank can manage to keep inflation low. The euro area has a single monetary policy, but each of its sixteen countries has its own economic policy. Sixteen countries, each with its own HICP and its own policy for promoting employment. With inflation in the euro area at 4%, the latest interest rate hike by the European Central Bank means that the real interest rate is 0.25%. But that rate is not enough to counter rising inflation and the threat of recession in every Member State. Is Mr Trichet able to give us an estimate of how far the available instruments will be adequate in the years to come?"@en1

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