Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-11-13-Speech-1-087"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2006-11-13"^^xsd:date2
dcterms:Is Part Of	lp_eu:2006 annual report on the Euro Area (debate)2
dcterms:Language	"fr"^^xsd:language2
lpv:document identification number	"en.20061113.16.1-087"2
lpv:hasSubsequent	lp_eu:2006-11-13-Speech-1-0892
lpv:speaker	lp:Jean-Pierre Audy2
lpv:spokenAs	member; EPP-ED (2005-06-11--2009-07-13)3 member; INTA (2005-07-04--2007-01-14)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (including Libya) (2005-09-05--2007-03-13)3 substitute; Committee of Inquiry into the crisis of the Equitable Life Assurance Society (2006-01-19--2007-06-19)3 substitute; ITRE (2005-06-28--2007-01-14)3 substitute; Delegation for relations with the countries of Southeast Asia and the Association of Southeast Asian Nations (ASEAN) (2005-07-07--2007-03-13)3 unknown; Union pour un Mouvement Populaire (2005-06-11--2009-07-13)3
lpv:translated text	"Even though the report by my excellent colleague, Mr Garcia-Margallo y Marfil, puts forward some very interesting analyses and proposals on the euro zone, I regret the fact that it does not raise the issue straightaway of the development of the euro from a technical currency to a political tool benefiting growth and employment. The monetary policy conducted by the European Central Bank (ECB) seems to be at odds with reality: the exchange rate should normally be strong when there is strong economic growth and should depreciate when there is weak growth. The fact is that, in Europe, the opposite has been true since the start of the 1990s. While the Member States are undergoing reforms, the quest for zero inflation through an inappropriate monetary policy is leading Europe to record mediocre results in terms of economic growth. If this state of affairs continues, at a time when the price of raw materials and of energy is rocketing worldwide, we will have zero inflation and zero growth, and manufacturers will end up setting up their businesses in the dollar zone. With everything that is happening, it is as though the ECB is disregarding economic policy, while its US counterpart is thinking of nothing else."@en1

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