Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-14-Speech-3-257-875"
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"en.20111214.22.3-257-875"2
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"The European Central Bank (ECB), founded on 1 June 1998, is the European Union institution responsible for the monetary policy of the Economic and Monetary Union. Its primary objective is ‘to maintain the euro’s purchasing power and thus price stability in the euro area’. The ECB, situated in Frankfurt in Germany, is governed by an Executive Board consisting of a President, a Vice-President and four Members appointed by the Council of Europe, following consultation with the European Parliament and the Governing Council, for a non-renewable term of eight years. In view of Benoît Coeuré’s experience of monetary matters, as has been shown by the unanimous approval obtained at a sitting of the Economic and Monetary Affairs Committee, I support his appointment as a member of the Executive Board of the ECB. Given the importance of the ECB’s role in maintaining the purchasing power and stability of the euro, I hope that the new Member will serve a good term of office and is aware that it is more essential than ever to keep the euro strong and stable, taking account of the crisis that the EU is currently experiencing."@en1
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