Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-07-09-Speech-3-018"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20080709.2.3-018"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:spokenAs | |
| lpv:translated text |
"Mr President, Mr Trichet, Mr Juncker, the President of the European Central Bank and the President of the Eurogroup are in agreement that, for ten years, there has been consistent agreement about the relative roles of the various policies. The Central Bank and monetary policy are responsible for ensuring price stability, public accounts need to be balanced in the medium term and the other policies need to create economic growth and growth in employment.
When things go wrong, we begin to question this model. We start to offload our own responsibilities onto the shoulders of the European institutions. Some people lay the blame at Mr Trichet’s door, others blame Mr Juncker. If things go from bad to worse, it will be Mr Pöttering who ends up being blamed.
At this time, therefore, I think it is important – and Mr Trichet is a good navigator – to keep a steady course and to maintain the model which has enabled us to come this far.
I would like to add a few words in terms of prices. It is true, as Mr Juncker says, that we are all responsible in this matter and that governments need to take action; it is a matter which will need to be examined when we tackle market flexibility, when we work out the post-Lisbon strategy.
However, there is one matter where the Central Bank needs to take the lead. People say – I do not have the figures – that to a certain extent price increases are due to financial speculation; the transfer of money from the sub-prime and variable interest rate markets to the futures market is partly responsible for this situation, and we will all need to do something about this.
In terms of institutional architecture, I would agree with the rapporteur, Mr Schmidt, that now is probably not a good time for publication of the full minutes. However, I think that it would be good to publish a summary of the minutes and, even more importantly, I think that the Central Bank should tell us the relative weight given to the two pillars on which its strategy is based when taking decisions to increase transparency and market awareness.
I also think that increased economic governance would need a counterpoint, a balance: but this is not the fault of Mr Trichet. It is our fault for not yet having approved the Lisbon Treaty, and this is something which I would like to see remedied."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples