Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-03-Speech-4-013"
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"en.20030703.1.4-013"2
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"Mr President, President Duisenberg, Commissioner, rapporteur – I congratulate you on a good report – I would like to use this minute and a half to make a few brief points about President Duisenberg’s management of the European Central Bank. I believe the Bank has been distinguished not so much by the successful operation of introducing the euro as by the line he established on monetary policy. Over the past few years, he has played a courageous, effective part in safeguarding the independence of monetary policy as a whole as well as that of the Central Bank against repeated attempts on the part of governments and many sections of public opinion to bend monetary policy to the short-term needs of a policy which has been unable to create the necessary conditions for success and economic growth in Europe. This morning, President Duisenberg said: ‘I probably cannot emphasise sufficiently the need to speed up the pace of structural reforms’. I hope that, despite the fact that they will be taking over in a climate and a situation in which we would prefer the procedures to be clearer and more transparent, his successor too will be able to focus consistently on the need for structural reform, on the need to safeguard the Stability Pact: this is the way to protect the future generations of Europeans, citizens and taxpayers.
Lastly, President Duisenberg, best wishes for your birthday in a few days’ time. For the sake of all of us in Parliament, all of us European citizens, I hope that President Duisenberg’s successor will be able to do as good a job as he has."@en1
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