Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-06-Speech-1-067-000"

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"Madam President, thank you for your response, Mr Rehn. By the end of June, we are expecting a new Managing Director to have been appointed for the International Monetary Fund (IMF) to succeed Dominique Strauss-Kahn, who has, as we all know, been accused of a very serious crime that, unfortunately, has probably also damaged the reputation of the IMF. Now, in these turbulent times, a new competent Managing Director must therefore be appointed for an important global institution such as this and the process must be open. Like my fellow Members, I welcome the candidacy of France’s finance minister, Christine Lagarde. I believe we have all found her to be a very competent person. She also has the support of several Member States and the European Commission. However, why have we not been able to agree on a common nomination procedure? It would have increased Europe’s influence. That is something that we lack. If we had had a common procedure and if the Commission had taken overall responsibility, it would also have strengthened the reputation of the EU, the euro and Europe. Article 138 of the Treaty of Lisbon states that the euro’s place in the international monetary system must be strengthened. Why, therefore, has this opportunity not been taken? The Commissioner spoke of taking one step at a time, but sometimes we may have to make a little leap forward in order to strengthen our position, particularly in turbulent times. I also think it is important to point out that the IMF is in need of extensive reform, something that Mrs Berès also makes clear in her report. The work on this reform has begun. However, the EU’s representation in the IMF also needs to be discussed and strengthened. We need a stronger IMF that operates as a global lender. To summarise: we need a stronger and more representative IMF in our new global world and we need a stronger EU with a clearer voice. Finally, Mr Rehn, sometimes we need to make a leap forward."@en1
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