Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-036-000"
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"en.20111201.3.4-036-000"2
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"Mr President, I would like to congratulate President Draghi on his new role and wish him well in these turbulent times.
However, the debate currently raging between Chancellor Merkel and President Sarkozy and others concerning the future role of the ECB needs mentioning. Above all else, the independence of the ECB needs to be upheld, particularly in times of crisis. Credibility is key. If eurozone members want the ECB to act as the lender of last resort, they should legitimise this role as soon as possible.
The ECB should not be a political football for point scoring between national politicians. Perhaps, as well as looking at the measures other institutions should or should not be taking, Member States themselves should be looking to get their own houses in order. I include eurozone and non-eurozone members in this plea. We passed the ‘six-pack’ on economic governance two plenary sessions ago. Member States should be looking to implement it as soon as they can, introducing credible and robust measures suited to their own countries to bring their budget deficits back down to acceptable levels. Credibility really is key."@en1
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