Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-17-Speech-3-396"

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"I join with the Commissioner in admiring the actions taken by the European Central Bank. I think they have been very consistent and very restrained. But I have a question for the Commissioner, notwithstanding the independence of the Central Bank, which we all support in this House and he supports. Keeping inflation under control has helped to create something like 16 million jobs in the euro area in the 10 years in which it has operated. Given that inflation has fallen so low, what does the Commissioner think the European Central Bank’s priorities should now be? The independence of the Central Bank must be protected, but that does not stop us from offering an opinion. So, does the Commissioner feel that the priority for the ECB should now change, given that the inflation rate is so low and that interest rates can no longer bring inflation down?"@en1
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