Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-26-Speech-4-015"
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"en.20061026.3.4-015"2
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".
Mr President, ladies and gentlemen, since we are discussing the European Central Bank’s report, allow me to address these few words to its president.
Mr Trichet, you really are the reviver of a very poor system for all the peoples of Europe. As such, you have probably been – inadvertently, otherwise it would have been common knowledge – the best campaigner for the ‘no’ vote of the French and Dutch people on the European Constitutional Treaty, and we thank you for it.
The principles on which the European Central Bank is founded are already in themselves an obstacle to growth in the euro zone, but when there is growth, in spite of your actions, it creates few or no jobs and only benefits the richest in society. The European Central Bank claims to have stopped inflation. In reality, the working and middle classes have seen their purchasing power plummet, while the rich have never been so rich. You champion the worst kind of capitalism, that of shareholders and the pauperisation of the middle and working classes. Day after day, your inertia faced with the weak dollar policy pursued by the United States destroys thousands of qualified industrial jobs creating added value in the euro zone. You represent the bank of discontent and mass unemployment.
For all these reasons, we must break with a European Central Bank controlled by the financial markets and with no link to the will of the peoples of the Union. We urgently need a new treaty entrusting the European Central Bank with responsibilities in the field of employment, training and research, all under the strict control of our Parliament and the national parliaments. This new treaty must, imperatively, replace the financial stability pact with a social progress pact for employment and growth, reviving public spending throughout the Union on health, training, education, social housing, culture, transport and infrastructure.
Through these decisions we will be able to restore the confidence of the European people. If this were not the case, the gap would continue to widen between our institutions and the various peoples. The differences in wealth between the peoples of the Union and between citizens of a single country would continue to increase. This would therefore encourage the rise of extremism and anti-European nationalism."@en1
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