Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-09-Speech-3-022"

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	"it"^^xsd:language2
lpv:document identification number	"en.20080709.2.3-022"2
lpv:hasSubsequent	lp_eu:2008-07-09-Speech-3-0232
lpv:speaker	lp:Luca Romagnoli2
lpv:spokenAs	member; Delegation to the Euro-Latin American Parliamentary Assembly (2007-05-23--2009-07-13)3 member; Delegation for relations with Mercosur (2007-03-14--2009-07-13)3 member; Temporary Committee on Climate Change (2007-05-10--2009-02-04)3 member; TRAN (2007-01-31--2009-07-13)3 member; PECH (2007-01-31--2009-07-13)3 member; NA (2007-11-14--2009-07-13)3 substitute; LIBE (2007-01-31--2009-07-13)3 substitute; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (including Libya) (2007-03-15--2009-07-13)3 unknown; Movimento Sociale Fiamma tricolore (2004-07-20--2009-07-13)3
lpv:translated text	"Mr President, ladies and gentlemen, the euro area is suffering from energy prices which neither the ECB, nor the Union, nor governments are able to control. The German Finance Minister, Peer Steinbrück, told you that, Mr Trichet, and the ECB then announced that it intended to support banks facing difficulties. I wonder when the ECB will announce that it wants to support citizens who fail to make it to the end of the month, by cutting the cost of money and forcing the banks to charge mortgage rates which are not as crippling as they are at present? Maintaining growth is more important than keeping the currency high. That is the policy of the dollar to which the ECB is not mounting an effective response. Mr Schmidt is keen to strengthen the role and authority of the ECB, while I am with those who continue to question the independence of the ECB. The introduction of the euro has undoubtedly had some benefits: some of those cited by Mr Schmidt are unquestionable, but there is not one word about the tangible adverse effects for every citizen of the euro area who has suffered from real inflation which is much higher than official figures as a result of the widespread speculation which accompanied the introduction of the currency and which the ECB and the institutions did far too little to control. As Mr Schmidt writes, the ECB derives its acceptance among the public from the fact that it upholds goals, such as price stability and economic growth, and for that reason he considers transparency to be less important; he also proposes that the principle of equality of Member States should be given up and would like to put more power into the hands of the Executive Committee. Mr Schmidt is afraid that the governments will in practice exert pressure on the president of their central bank, in other words he is afraid that politics will gain the upper hand over finance. I believe the opposite to be true. Mr Schmidt, Mr Trichet, I absolutely cannot go along with these proposals."@en1

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