Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-03-25-Speech-4-334"

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"en.20100325.34.4-334"2
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"The serious economic crisis that the entire world is suffering simultaneously is making itself felt extremely sharply in the EU. The response of the European Central Bank to the crisis was effective, although it was guilty at times of acting late or with a lack of assertiveness, in particular, the policy of reducing interest rates, which was more radical and effective in the United Kingdom and the US Federal Reserve. We must learn lessons from the mistakes made so that they can be avoided in the future. It should be pointed out that the Treaty of Lisbon has made the ECB an EU institution. This has meant an increase in Parliament’s responsibility, since this House has become the institution through which the ECB is now held to account before the European public"@en1

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