Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-277-062"
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"en.20111201.35.4-277-062"2
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"I voted in favour of the Tremosa i Balcells report on the European Central Bank (ECB) annual report for 2010. It emphasises the continued absence of budgetary governance within the European Union and expresses concern about the increasing dependence of a number of banks within the euro area on liquidity provided by the ECB in the absence of a fully functional interbank market. Furthermore, the report welcomes the decisive action taken by the ECB since the beginning of the economic crisis in 2007, and recognises that the non-standard measures taken by the institution in the field of monetary policy have proved necessary even though they must remain of a temporary nature. In order to tackle the crisis effectively, the report would like to see the introduction of ‘more integrated economic governance’ and suggests several courses of action, including the creation of a ‘European Monetary Fund’, a ‘European Ministry of Finance’ and a ‘single European Treasury’."@en1
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