Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-03-14-Speech-2-298"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-03-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Commission Question Time2
dcterms:Language	"en"^^xsd:language2
lpv:document identification number	"en.20060314.27.2-298"2
lpv:hasSubsequent	lp_eu:2006-03-14-Speech-2-2992
lpv:speaker	lp:Siim Kallas2
lpv:spoken text	". The political message is that the European Central Bank is a very independent body, as determined in the Treaty. As an economist and former Central Bank leader, I can elaborate on this subject. I can only say that Europe’s monetary policy objectives are based on the fight against inflation, which has great social importance, and in this context the adjustment of monetary policy is quite a sophisticated mechanism. All borrowers want an interest rate which is as low as possible. These rates are very low at the moment in Europe and they do not harm economic growth. I can only speak as an economist. The position of the Commission is that interest rate policy remains in the hands of the European Central Bank."@en1
lpv:unclassifiedMetadata	"Siim Kallas,"1 "Vice-President of the Commission"1

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