Local view for "http://purl.org/linkedpolitics/eu/plenary/2005-07-04-Speech-1-104"

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"en.20050704.17.1-104"2
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"Mr President, Commissioner, Mr Trichet, I can imagine how satisfied you must be reading Mr Lauk’s report, and I will not criticise you for being so. To begin with, the consensus emerging within this Parliament on the subject of the monetary orthodoxy of the ECB can legitimately fill you with glee. Then, by observing the extent to which Mr Lauk’s report falls into line with your recommendations and stresses the de facto political power of the ECB, you must be overjoyed! You have nothing to fear from the representatives of this Parliament as they are zealous defenders of the solutions that you recommend and that have, however, with tragic consistency, failed to restore growth and confidence in Europe. So rejoice! Mr Lauk’s report puts forward better proposals than the social security system reforms that you commend, better proposals than the pay restraint that you suggest, better proposals than the reduction in public spending that you oversee. It calls for an increase in working time in Europe. This is my first term of office in this Parliament. As a member of the Committee on Economic and Monetary Affairs, I have intervened on several occasions in this Chamber to express my concern, among the empty benches, about the poor economic and social results of the economic guidelines decided on by the Commission and by your institution. I note in passing that those on whom this report is going to impose the burden of additional working time have been more effective than you in fighting against the overvaluation of the euro by voting no, in France and in the Netherlands, to the policy that you support. I am a fervent supporter of Europe. As such, I am in favour of monetary stability and I defend with conviction a greater convergence of the European economies, but I call on you to acknowledge that there is not just one possible economic and monetary policy and to remember that the effectiveness of your term of office is first and foremost assessed in the everyday lives of Europeans and in what they have to say about their lives."@en1

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