Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-03-13-Speech-4-081"

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	"pt"^^xsd:language2
lpv:document identification number	"en.20030313.3.4-081"2
lpv:hasSubsequent	lp_eu:2003-03-13-Speech-4-0822
lpv:speaker	lp:Joaquim Piscarreta2
lpv:spokenAs	member; EPP-ED (2002-04-17--2004-07-19)3 unknown; Partido Social Democrata (2002-04-17--2004-07-19)3 substitute; Committee on Regional Policy, Transport and Tourism (2002-06-06--2003-11-03)3 vice-chair; Delegation for relations with the Member States of ASEAN, south-east Asia and the Republic of Korea (2002-07-01--2004-07-19)3 member; Delegation to the EU-Lithuania Joint Parliamentary Committee (2003-01-16--2004-04-30)3 member; BUDG (2002-06-10--2004-07-19)3
lpv:translated text	". Taking advantage of the recent entry into force of the Treaty of Nice, the European Central Bank has already made use of its new powers by proposing an amendment to the operating methods of its Governing Council. Although there are no doubts as to the ECB’s need to adapt its operation to the forthcoming enlargement of the EU, some questions nevertheless remain about the new model it has presented. Like the United Nations, the ECB would now have an Executive Board consisting of 5 Member States with permanent voting rights. The other Member States from the Eurozone, including Portugal, would be integrated into one or two groups with a rotating voting system, with votes weighted according to GDP size. In practice, this reform runs the risk of marginalising the smaller Member States, abusing the principle of ‘one country, one vote’ and making the ECB’s operations complex and opaque. The ECB must be a strong body, with greater autonomy from the governments of the EU’s Member States. This is not about the amount of power Portugal will lose but a fundamental issue of the type of European construction that we wish to achieve."@en1

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