Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-05-10-Speech-2-213"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2005-05-10"^^xsd:date2
dcterms:Is Part Of	lp_eu:Appointment to the ECB Executive Board2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20050510.24.2-213"2
lpv:hasSubsequent	lp_eu:2005-05-10-Speech-2-2142
lpv:speaker	lp:Piia-Noora Kauppi2
lpv:spoken text	"Mr President, I wish to begin by congratulating Mr Bini Smaghi on his nomination. I look forward to working with him. However, I have some comments. First, regarding the Stability and Growth Pact, Mr Bini Smaghi’s answers to the Committee on Economic and Monetary Affairs revealed some inconsistencies in judgement, which I wish briefly to point out. While his commentary on the legal uncertainties of the old SGP is valid, his interpretation of the dynamic conditions leading to the reform of the pact is questionable. Mr Bini Smaghi seems to imply that the pact’s own rigidities led to certain Member States breaking its rules and that the politics of the SGP made sensible economics impossible. This is disappointing from someone about to be installed at the ECB. The truth is that the SGP was torn apart by the political inability of some Member States to conduct sensible economic policies on the basis of the rules agreed to by all, long after they came into effect. I would remind Mr Bini Smaghi that without effective rules that are equally applicable to all, the EU would be nothing but a loose grouping with weak powers of coordination. Surely, as a member of the ECB Board, he cannot favour development that would increase economic asymmetry between eurozone Member States. Secondly, regarding his nomination itself, the rules that govern which eurozone Member States obtain seats on the ECB Board need to be clarified. They should be based on genuinely open mechanisms of selecting nominees. The present system too often seems to favour automatic entry for candidates from big eurozone Member States at the direct expense of smaller ones. Smaller Member States are excluded from the backroom deals that decide the posts. This is truly regrettable and potentially damaging in the long run. With these qualifications in mind, I once again congratulate Mr Bini Smaghi on his nomination. I am not against his nomination but I am concerned about the more general circumstances surrounding it."@en1
lpv:spokenAs	member; FEMM (2004-07-21--2007-01-14)3 member; Delegation for relations with the People's Republic of China (2004-09-15--2007-03-13)3 member_of_the_bureau; EPP-ED (2004-08-31--2008-11-18)3 unknown; Kansallinen Kokoomus (2004-07-20--2008-12-31)3 substitute; Delegation to the EU-Turkey Joint Parliamentary Committee (2004-09-15--2007-03-14)3 member; ECON (2004-07-21--2007-01-14)3 member; JURI (2004-07-21--2007-01-14)3
lpv:unclassifiedMetadata	"Piia-Noora Kauppi (PPE-DE )."1

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