Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-10-26-Speech-2-103"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"1999-10-26"^^xsd:date2
dcterms:Is Part Of	lp_eu:ECB annual report2
dcterms:Language	"el"^^xsd:language2
lpv:document identification number	"en.19991026.3.2-103"2
lpv:hasSubsequent	lp_eu:1999-10-26-Speech-2-1042
lpv:speaker	lp:Ioannis Theonas2
lpv:spokenAs	unknown; Kommounistiko Komma Elladas (1999-07-20--2001-01-24)3 member; EUL/NGL (1999-07-20--2001-01-24)3 member; Delegation for relations with South-east Europe (1999-09-29--2001-01-24)3 substitute; Committee on Regional Policy, Transport and Tourism (1999-07-21--2001-01-24)3 vice-chair; ECON (1999-07-21--2001-01-24)3
lpv:translated text	"Mr President, the European Central Bank is still very much an institution which makes crucial decisions for the millions of citizens of the European Union without being subject to any democratic or political control. From this point of view, when Parliament considers that progress is being made because regular press conferences are held following any Governing Council meetings and because, in addition to annual reports, the ECB also publishes monthly reports, this invokes a false sense of true democracy among the peoples of Europe. This ‘progress’ has, in fact, been run-of-the-mill practice at the central banks since the 1930s! Mr President, European citizens are, first and foremost, interested in and, at the same time, concerned by the content of the policies of the European Central Bank, the European Union and the Member States – policies which give absolute priority to so-called monetary stability and the interests of major credit capital, at the cost of dramatic job losses and the total disintegration of the so-called European social model. Workers are concerned by the fact that the European Central Bank considers a growth rate of over 2.5% to be dangerous for the notorious monetary stability, thereby deferring indefinitely efforts to address the issue of unemployment. The average inflation rate of the 11 countries within the euro area is below 1%. Some countries have already entered an anti-inflationary phase, but there are growing signs of a rise in interest rates in order to maintain monetary stability. Mr President, with growth rates below 2%, with a new rise in interest rates, with deflation and the rigorous implementation of the Stability Pact, growing pressure is being brought to bear on the security and social rights of workers, and this will indirectly bring about a dramatic deterioration in their living standards and working conditions."@en1

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