Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-06-15-Speech-2-113"
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"en.20100615.6.2-113"2
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"Mr President, I am glad that the Commission has provided legislative proposals to bolster Eurostat that are currently being scrutinised by the ECON Committee.
The quality of statistical governance lies at the heart of the crisis in the eurozone. There is no doubt in my mind that Eurostat should have wider powers, in particular, to make on-site inspections in Member States. But such inspections should not just be with officials from the Member State’s Finance Ministry or with national statistical authorities or even with state-owned corporations: they should include, if the work deems these relevant, academic economists, trade unions, NGOs, etc. This is something which rating agencies, or even IMF delegations, do as a matter of fact.
Secondly, we must have a common system of accounting – used by all Member States, based on a standardised and internationally accepted method of accounting, and agreed between the Member States, Commission and Parliament. This should not apply just to financial reports as provided to the Commission but they should also be used in the Member States’ public sectors themselves.
Over a decade after the creation of the eurozone and the introduction of the euro, we have discovered basic flaws in the system that are causing damage. These flaws we ignored, ironically, because of the false sense of security created by a successful euro. We must ensure that in the future, markets trust governments’ economic forecasts and statistics. We must correct these flaws, and fast.
I therefore urge the Commission to continue to work closely with Parliament and Council to resolve these problems as a matter of urgency."@en1
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