Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-047-000"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20111201.3.4-047-000"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, ladies and gentlemen, the European Central Bank has performed its role reasonably well – as well as it could – during the crisis; it has succeeded in keeping inflation low and intervened by buying bonds to limit financial instability.
I do not agree with those who would like to change the ECB’s formula or equip it with new powers: the ECB will never be the Federal Reserve, because Europe is different from the United States. In future, however, the Central Bank must refrain from intervening on every little issue with its public missives. It is right to indicate the objectives that should be achieved, but intervention methods must be left up to the Member States.
Recently, the issue of government bonds has dramatically emerged. It is unacceptable to force a country that is struggling, and burdened by the constraints of the euro, to pay interest rates that are much higher than those applied to the other Member States. A solution must be found through the use of eurobonds to prevent a country in crisis from having insult added to injury."@en1
|
| lpv:videoURI |
Named graphs describing this resource:
The resource appears as object in 2 triples