Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-07-Speech-2-240-000"
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"en.20110607.23.2-240-000"2
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"First of all, I do not lie and the Commission has always been very consistent in the information it has given about all the situations. The situation is difficult; we have said it honestly from the beginning and we do not pretend the situation is a rosy one.
Having said this, the European Central Bank’s credibility relies on the absolute determination of the euro area governments to do whatever it takes to ensure the financial stability of the euro area, so I have no doubts about the system’s ability, of the efforts in the euro area and the credibility of the European Central Bank. I have no doubts about the capacity of the European Central Bank to defend European interests, nor about the commitment of the Member States of the euro area to provide all the guarantees the European Central Bank needs to fulfil its independent role as our central bank.
In terms of exposure of central banks, there are other central banks in Europe and outside Europe which are in a much more difficult and vulnerable situation than the European Central Bank, which is a credible, internationally much respected body of the European Union."@en1
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