Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-10-Speech-2-210"

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"en.20050510.24.2-210"2
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". Mr President, Commissioner, Mrs Berès, we in this House are in agreement as regards the qualities of Mr Padóa-Schioppa, who has left the ECB’s Executive Board. We are grateful to him for his work and for his cooperation with us. Having endorsed his successor’s nomination, we are in agreement about his qualifications too; we take a favourable view of him, and wish him every success. I would like to take this debate as a starting point, by saying that I agree with the Commissioner, that there must be nothing automatic about nominations being made by certain countries, and that it would have been a good thing if we had had several candidates for the seats available, and hence a competing array of qualities, principles, opinions and fundamental beliefs to choose from. That this was not the case on this occasion is no discredit to Mr Bini Smaghi, but it is something we have to highlight. Thirdly, it has to be said that the European Central Bank plays a very important role, and does it very well, by virtue of its independence, and also as the euro’s guardian and the driving force behind it. We would urge Mr Bini Smaghi to join his fellow Executive Board members in upholding these principles. In this respect, the changes to the Stability and Growth Pact will give the European Central Bank an even more important role, in cooperation with the Commission. One thing I think we should do is to compare the two sets of statistics that we are given, in order to ensure that there are no discrepancies in the way countries are assessed; I am also thinking here of the ECB’s public statements and assessments as guardian of price stability, as regards the size of the Member States’ budgets, the things they spend their budgets on and the breakdown of their tax receipts. What we need is a strong and independent Central Bank, enabling the euro to continue on its successful course."@en1

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