Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-26-Speech-3-050"

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"I would like to begin by thanking the President-in-Office of the European Union, the excellent Slovenian Prime Minister Janez Janša, his government and his administration for the very admirable and difficult work they have done. As regards the results of the European Council of 13 and 14 March 2008, I welcome the political consensus on the Euro-Mediterranean issue. I am also pleased with the move towards establishing knowledge as the fifth Community freedom. Given the current disruption in the financial markets, I am sorry that the European Council, a high-level political body in the Union, did not have the strength, wisdom or clarity of thought to propose a policy that might help to regulate the financial markets, at the very least within Europe, such as the establishment of European regulatory bodies in the key sectors of the internal market (energy, postal services, telecommunications, auditing, banking, insurance, etc.). Finally, given the current chaos in the monetary markets, I do not understand why these problems have not been examined at all or to only a minor degree: it is becoming urgent to interpret what is meant by the price stability envisaged in the mandate of the European Central Bank enshrined in Article 105 of the Treaty and to call on the International Monetary Fund (IMF) to engage in a global monetary dialogue."@en1

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