Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-277-234"
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"en.20111201.35.4-277-234"2
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"The vote on the resolution concerning the European Central Bank (ECB) annual report provided an opportunity to debate in the European Parliament the ECB’s role in ending the crisis in the euro area. MEPs were able to put questions to the new president of the Bank, Mario Draghi, who replaced Jean-Claude Trichet last November, on the measures to be adopted to tackle the crisis. I voted in favour of this report, which is a reminder that the European Parliament plays an active role in proposing solutions for overcoming the crisis. We spoke in favour of greater economic governance, which should go hand in hand with monetary governance. We also advocate a strong euro area, which needs a European Minister for Finance and a European Treasury in order to support the ECB. The creation of a European Monetary Fund to reduce the EU’s dependence on the International Monetary Fund was another idea put forward. Lastly, setting up a European credit rating foundation would enable us to break the monopoly of the US rating agencies which threaten market confidence in the euro area."@en1
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