Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-889"

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"en.20101123.33.2-889"2
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"I voted in favour of the resolution on the European Central Bank report on the basis of the excellent report by my German colleague, Mr Balz. Having become a European institution with the entry into force of the Treaty of Lisbon, the ECB, whilst being independent, cannot be indifferent to the wishes of the European people, represented by their parliaments, or of the Member States’ governments. I therefore support the request for the ECB’s work and decision making to be transparent. During the crisis, the ECB adjusted interest rates down to 1% and continued unprecedented non-standard measures to support credit throughout 2009. Those measures have borne fruit. I support the idea that lifting these measures needs to be well timed and coordinated with national governments. In particular, it would be helpful if the ECB were to carry out a global, rather than regional, assessment of inflation in its monetary policy for setting intervention rates to exit the crisis."@en1

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