Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-10-26-Speech-2-104"

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	"it"^^xsd:language2
lpv:document identification number	"en.19991026.3.2-104"2
lpv:hasSubsequent	lp_eu:1999-10-26-Speech-2-1052
lpv:speaker	lp:Franz Turchi2
lpv:spokenAs	member; BUDG (1999-07-21--2002-01-14)3 member; Delegation for relations with Israel (1999-09-30--1999-11-11)3 member; UEN (1999-07-22--2004-07-19)3 unknown; Alleanza nazionale (1999-07-20--2004-07-19)3 substitute; Committee on Regional Policy, Transport and Tourism (1999-09-09--2002-01-14)3
lpv:translated text	"Mr President, first of all, we must analyse the first period of the ECB’s activities which, as we know, began a year ago in the hope of becoming, in time, the main institution for intervention in the economies of the Member States of the Union. On the one hand, we have all noticed the greater role played recently by this institution – and indirectly, at the same time, the whole Union – in terms of economic policy and, especially, employment policy. On the other hand, this was not sufficient to ensure that the euro was not affected by speculation or weakened in the face of our competitors – which, of course, we must definitely not ignore – which are the United States and NAFTA. In fact the euro, which started with a strong position in the money markets, after a few months was exposed to attacks which were, to say the least, speculative. We must take note of this signal and always ensure that the focus behind major political, budgetary and monetary strategies is not the new single currency but a long-term view taking into account the need to give the euro and the Member States stability, and above all, to relaunch the Union’s economy and the employment situation which concerns each of us in this Parliament so greatly. Therefore, we must continue along the path which President Duisenberg is establishing within his role and the institution itself. However, at the same time, we must monitor price stability so that we can control the greater evil with which we are all familiar – inflation – and at the same time keep interest rates low to stimulate investments and relaunch the European industrial sector, making it more competitive with regard to the other States. In doing this, we would bring prestige to a new institution like the ECB and we would gain political credibility internationally."@en1

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