Local view for "http://purl.org/linkedpolitics/eu/plenary/2017-05-17-Speech-3-386-000"
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"en.20170517.29.3-386-000"2
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"Mr President, in 2015, Mario Draghi claimed in a letter to me that the ECB didn’t prevent the burning of our senior bondholders in Irish banks, but then the Irish parliamentary banking inquiry found last year that the ECB had indeed blocked burden share. We’ve learned that Mr Draghi’s predecessor, in correspondence to the Irish Government, stated in black—and—white terms that the ECB threatened to cut emergency assistance to Ireland if the government didn’t request a bailout, and then demanded a series of austerity measures and a fire sale of public assets, against the opinion of even the IMF. Where exactly in its mandate does it say that the ECB has the power to do this? Its so—called independence is pure fiction. In reality, we all know that Mr Draghi is completely reliant on the Governing Council and the Eurogroup, an organ that doesn’t even exist in the treaties. So now we hear that new initiatives are being dreamt up by the Commission about introducing democratic oversight of the euro. They are meaningless unless they are about democratically and dramatically reforming the ECB, and a key part of that has to ensure that the ECB is accountable to national parliaments, as well as to this House."@en1
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