Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-01-18-Speech-3-277-250"

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"en.20120118.23.3-277-250"2
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"In the face of the financial crisis, when it is so important to safeguard the independence of policy implementation, the new rules of the Hungarian central bank, granting its directors the right to choose their deputies and increase the number of Monetary Council members elected by the government may give cause for concern. Weakening the independence of a central bank may breach the provisions of Article 130 of the TFUE, which provide that when performing their duties, central banks shall not receive instructions from governments of Member States, and these in turn agree not to influence members of the former’s governing bodies. However, we must not forget that the EU is a community of sovereign states, which have the right to self-determination within the limits of the commitments made in the Treaties. In case of doubt concerning the compatibility of national legislation with the there is a procedure according to which a Member State may submit its interpretation. We should appreciate the open communications strategy of Prime Minister Orbán and his willingness to listen to the arguments of the European institutions. The main focus of our recent discussions has been the debt crisis, but we must not forget about the values upon which the European Community was built. In this context, attention should be drawn to the fact that while some so vigorously criticise Hungary for violating the Treaties, at the same time we are dealing with attempts to undermine the primacy of European law through intergovernmental agreement, and there is no similar debate regarding this issue, even though objectively it is equally important."@en1

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