Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-10-Speech-2-208"

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"Mr President, as provided in the Central Bank Statute and the Treaties, we are required to replace the members of the Central Bank’s Executive Board by rotation to ensure that it has some continuity in the exercise of its responsibilities. Today, we salute the way in which Mr Padóa-Schioppa, the predecessor of the person whose candidature we are to examine, carried out his duties on the Executive Board. I believe that in his relations with our institution and more widely in his capacity as the Executive Board’s external representative, he showed great talent and a thorough grasp of these questions. The candidate whose nomination we are to examine today is Mr Lorenzo Bini Smaghi. Your Committee on Economic and Monetary Affairs has been able to question him first of all in writing following the questionnaire procedure with which we are familiar and then verbally at a hearing, where the members of the committee reached a consensus. We were able to check that there is no doubt as to his expertise and professional ability in the light of the job he will have to do. He has all the abilities to be a good central banker together with two additional assets I would like to mention: an ability to communicate, which is certainly very useful for a central banker, and also a vision enriched by a multidisciplinary approach. Whether the mindset of a central banker is enough to make a good Executive Board member, or whether it requires a broader vision and outlook is something we have debated a number of times. It seems to us that Mr Bini Smaghi will be able to contribute this multidisciplinary approach to the Executive Board’s discussions and that this will make monetary policy more responsive to the needs of the real economy and to the public’s aspirations."@en1

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