Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-213"
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"en.20100325.34.4-213"2
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"The appointment of an eminent professional like Vítor Constâncio as Vice-President of the European Central Bank will enhance the value of the economic and financial policies advocated by this institution. Vítor Constâncio is taking up the post of Vice-President of the ECB at a difficult time for the euro area. However, his views on the way in which the European Union must respond to the Greek crisis highlight that he has vision and knows how to protect the European currency. Mr Constâncio has an impressive CV. The fact that he is Governor of the Bank of Portugal (Banco de Portugal) confirms his credentials as a professional. This only serves to remind me of the recent incident involving the political appointment of a vice-president at the National Bank of Romania, anything but the model professional presented by Mr Constâncio. Fortunately, the National Bank of Romania also has a huge number of professionals and its course of action during the current economic crisis has been faultless. However, national banks should be the last place where appointments are made on the basis of political rather than competency criteria. Mr Constâncio had a tough hearing before the European Parliament’s Committee on Economic and Monetary Affairs. However, Mr Constâncio did not waver once, continually expressing consistent opinions and demonstrating that his vision of the euro area’s future is sound."@en1
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