Local view for "http://purl.org/linkedpolitics/eu/plenary/2002-05-14-Speech-2-147"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20020514.8.2-147"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
".
I abstained from voting on the appointment of Mr Papademos as Vice-President of the European Central Bank, both out of a desire not to be directly involved in the implementation of the euro, but also because of certain statements made by the candidate during his hearing.
Several times, he evoked the principle of accountability to which the ECB is supposed to adhere, as if it were a given fact. I would like to emphasise that this principle does not exist, as accountability normally goes hand in hand with penalties. In fact, the ECB is bound merely by the obligation to report to the European Parliament. What is more, these reports are not even transparent, as we do not know how the Governors voted in the ECB Governing Council.
Secondly, Mr Papademos confirmed that the ECB was considering modifying voting modalities in the Governing Council, which could have been anticipated from the draft Treaty of Nice. In particular, we appear to be moving towards abandoning equality in governors’ votes, a rule which was made much of originally but which, in practice, has had many negative repercussions on decisions, particularly with regard to interest rates. Another Maastricht illusion bites the dust!"@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples