Local view for "http://purl.org/linkedpolitics/eu/plenary/2001-10-03-Speech-3-327"

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"en.20011003.9.3-327"2
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"Mr President, Commissioner, ladies and gentlemen, I fully support the report by Mrs Berès on the Commission communication on the prospects for monetary union. I think, however, that after the tragic events of 11 September the proposed measures and experiments should be implemented much sooner if we want the monetary union to fully perform the role that awaits it in fighting terrorism, maintaining economic growth and the competitiveness of Europe, and affirming a policy of peace and international cooperation that will isolate terrorism in developing countries. I refer first of all to the need to face the slow-down in economic growth by means of coordination of our economic and social policies, countering the economic cycle. This can be achieved through enhanced cooperation measures between Eurogroup members, resulting in a real government by agreement of the monetary union, able to question decisions by the European Central Bank with an authority at least as great as that shown a few weeks ago by the United States Federal Reserve. I also refer to the urgent need within the monetary union above all to achieve the greatest transparency and a reciprocal information system on movements of capital, overcoming the restrictions of bank secrecy so as to be able, Mr Karas, to strike at the transfer of resources linked to terrorist funding, the laundering of dirty money from organised crime, and the offence of tax evasion. I shall close, Mr President, by also mentioning an international cooperation policy which will allow long-term contracts for supplying Europe with raw materials to be drawn up also in euro."@en1

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