Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-09-22-Speech-1-035"
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"en.20080922.18.1-035"2
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"Mr President, while European Central Bank President, Jean Claude Trichet, has repeatedly expressed concern about inflation indexation of wages, he has failed to take into account the plight of workers, particularly the low-paid, struggling as the cost of living escalates. And, while ensuring that interventions have a minimal inflationary impact, wage increases are needed for low-paid workers, who are now under severe pressure. Curbing inflation across Europe cannot be boiled down to curbing legitimate wage demands. While, of course, those on higher wages can afford to exercise wage moderation, the lower-paid are a different matter. Domestic government and national central banks are best placed to respond to changing economic circumstances, and that is why I have always opposed measures that have undermined economic sovereignty. Indeed, as a small state, Ireland is well aware that our economic situation is peripheral to the policy-making concerns of the ECB and that, therefore, the positions often adopted by the Bank are not always in the bests needs or interests of the Irish economy.
I too favour transparency in funding. I also favour respect for democratic outcomes, and this body should note that all of the campaigns that fought and won the argument for a ‘no’ vote, with the exception of one, have published full and frank accounts, and there is no question as regards the mechanisms of spending or the funds that those groups, including my own party, received."@en1
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