Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-26-Speech-4-177"
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"en.20061026.22.4-177"2
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"The policy of the Conservative Party in relation to the euro is clear: we are firmly committed to keeping the pound. Nevertheless, as the European Union in general and the euro zone in particular are our largest trading partners, we are ever vigilant of the need for the euro's stability, since this directly affects Britain's prosperity. We therefore reserve the right to make ourselves heard when we believe that unwarranted political pressure is being directed against the independence of the European Central Bank. In the last year, as interest rates have been raised from their historic low, the ECB has been under political attack, and an attempt was made to use this report to interfere in its management. Fortunately, the report in its final form respected the ECB's independence, and we have therefore taken the exceptional step of endorsing it to make known our commitment to a sound monetary policy."@en1
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