Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-09-23-Speech-2-005"
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"en.20030923.1.2-005"2
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".
Mr President, ladies and gentlemen, Commissioners, it is a pleasure to speak today on a matter of great importance for the European Union: the appointment of the President of the European Central Bank.
The creation of the euro is a considerable success in the history of European integration in both political and technical terms. The euro is still a relatively new currency, and it will need to draw on the – widely recognised – experience of the European Central Bank to continue to be a success.
We are now replacing a President of the European Central Bank for the first time. It is crucial for the European Central Bank and the euro that the selection of a successor to President Duisenberg is carried out transparently and that it is based only on the criteria laid down in the Treaty establishing the European Community and in the Statute of the European system of Central Banks and of the European Central Bank, and on the agreement of the latter on the candidate most qualified for the job.
In appointing the successor, we must recognise and pay tribute to the excellent work carried out by President Duisenberg, and express our confidence that the European Central Bank will continue to perform all its functions as successfully as it has thus far.
The legal basis for the procedure for appointment of the new President of the European Central Bank is Article 112(2)(b) and Article 122(4), of the Treaty establishing the European Community, and Articles 11.2 and 43.3 of the Protocol of the Statute of the European System of Central Banks and of the European Central Bank.
In accordance with these provisions, the Ecofin ‘Information’ Council adopted a recommendation on 15 July 2003 advocating the appointment of Mr Trichet as President of the European Central Bank for a term of eight years with effect from 1 November 2003. The recommendation was forwarded to both you and the European Central Bank, in accordance with the Treaty, so that you could give your opinion before the recommendation was presented to the Heads of State or Government for the final decision.
The Governing Council of the European Central Bank adopted its opinion on 31 July and forwarded it to the Council and Parliament. This opinion confirmed that the Governing Council of the European Central Bank is of the opinion that the proposed candidate is a person of recognised standing and professional experience in monetary or banking matters, as required by Article 112(2)(b) of the Treaty.
I hope that the European Parliament will agree with the Council and the European Central Bank that Mr Trichet is an excellent candidate for this important job. The adoption of the opinion by Parliament will allow the Heads of State or Government to take a final decision on the new President of the European Central Bank’s taking up office, within the time-scale set down in the Council recommendation."@en1
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