Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-886"

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"en.20101123.33.2-886"2
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"I greatly appreciate the efforts of the European Central Bank. I believe, in fact, that the ECB has shown that it is capable of meeting the objectives it is set and that its level of technical expertise has always proved equal to the situations faced, including in times of severe crisis such as now. However, the very existence of unexpected variations in the key macro-economic indicators should make us stop and think about the intermediate mechanisms at work between monetary policy and the real economy. I therefore think it necessary not only to set up other supervisory and control authorities to support the ECB, but also and, above all, to cover those spheres of responsibility which, hitherto, have not been seen as important. In particular, Estonia’s forthcoming accession to the euro area is a source of concern. An enlarged monetary union requires, in fact, greater internal cohesion. The macro-economic performance of that Baltic state aside, in accordance with the standards required by the EU, greater convergence must be achieved among the euro area countries, not least to increase the capacity for action on the part of the institutions, which safeguard its stability and value."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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