Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-13-Speech-4-079"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2003-03-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:Vote2
dcterms:Language	"nl"^^xsd:language2
lpv:document identification number	"en.20030313.3.4-079"2
lpv:hasSubsequent	lp_eu:2003-03-13-Speech-4-0802
lpv:speaker	lp:Erik Meijer2
lpv:spokenAs	member; Committee on Regional Policy, Transport and Tourism (2002-01-17--2004-07-19)3 unknown; Socialistische Partij (1999-07-20--2004-07-19)3 member_of_the_bureau; EUL/NGL (1999-10-13--2004-07-19)3 member; Delegation to the EU-Slovak Republic Joint Parliamentary Committee (2002-02-07--2004-04-30)3 substitute; Delegation to the EU-Czech Republic Joint Parliamentary Committee (2002-02-07--2004-04-30)3 substitute; Committee on the Environment, Public Health and Consumer Policy (2002-01-17--2004-07-19)3
lpv:translated text	"I agree with the majority who reject the proposal, but my criticism goes even further than that of the majority. Each central bank takes important decisions on interest rates and exchange rates, with major consequences for incomes, employment, investments and the level of public services. It is precisely because of the importance of these decisions that banks that issue bank notes were brought under state control in the past. This meant that important considerations could be taken out of the hands of the banks and were made the responsibility of governments and parliaments. The European Central Bank is in danger of being cut increasingly loose from the Member States. There is a grave danger that the central bank of issue will eventually start to operate as an institution that is separate from society and cut itself off from all forms of control. A rotating system for the Governing Council means that members from the separate Member States are no longer involved in decision-making, while their countries do have to suffer the negative consequences of those decisions. The enlargement of the number of members of the EU and EMU must not be allowed to lead to a situation where the individual Member States no longer have any involvement in this institution which is so important to the inhabitants of all the countries concerned. Public control over the ECB should be increased rather than reduced."@en1

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