Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-01-16-Speech-2-046"
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"en.20010116.4.2-046"2
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"Mr President, Commissioner, ladies and gentlemen, we approved the report tabled by the rapporteur, Mr Heaton-Harris, in committee, and we will support it in this House, for it avoids both exaggeration and undue reserve in its comments on the issues raised by the report of the Court of Auditors on the management of the EMI and the ECB. The three points raised by Mr Heaton-Harris are the insufficient monitoring of projects, the granting of an extraordinary bonus to ECB employees and the refusal to be subject to OLAF investigations.
I would not imagine that it occurred to any of us that the euro would weaken or that such a thing would be engineered. That is not the point. The point, in our opinion, is that the greater our recognition of the authority of the monetary bodies in question – and I endorse this recognition, although I also take note of the clear need for political administration of the economy at European level as well – the greater the need to require them to provide clear evidence of efficiency, wage moderation and transparency.
There is an old saying, applied to people whose actions do not match their words, which goes like this: "Do what I say, not what I do". Those whose role and prestige makes them a point of reference for such a huge public and for all the institutions – such as the European Central Bank, which has our confidence – cannot permit themselves even a minor imperfection, and still less can they say, "Do what I say, not what I do" while advocating price stability, management efficiency and the greatest possible rectitude and transparency.
It is precisely because of the major, valuable role of these institutions – and I wish to stress this by way of conclusion – and because the issues condemned can be resolved that we are confident that the recommendations of the Court of Auditors and the European Parliament will be given practical effect."@en1
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