Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-09-Speech-3-036"
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"en.20080709.2.3-036"2
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"Madam President, I think it is absolutely amazing how the ECB has delivered the main point of the mandate: price stability. If we look at the D-mark period of 1948 to 1998, the price stability track record of the ECB is actually better than that of the D-mark, which used to be the global benchmark. I think you have delivered a very good result on that front. But I am also equally happy that you, President Trichet, referred to financial stability. This is also in the Treaty mandate of the ECB, and I think that the ECB’s role in financial supervision should be strengthened.
Tommaso Padoa-Schioppa’s ‘twin peaks’ model is very enchanting, and I think that it is now up to the Member States and the Council to take this model, to have more of a role in the ECB for financial stability supervision. In the European Parliament the Van den Burg-Dăianu report about this is currently being drawn up. It has a lot of good points which you can also use in your work when we try to deliver better financial stability supervision in Europe."@en1
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