Activities of Thomas MANN related to 2008/2107(INI)
Plenary speeches (1)
Report on the ECB annual report for 2007 (debate)
Amendments (7)
Amendment 8 #
Motion for a resolution
Recital F a (new)
Recital F a (new)
Fa. whereas the European Central Bank has the dilemma of having to meet the challenges of rising inflation and the first signs of an economic slowdown due to the financial turmoil of the last months,
Amendment 19 #
Motion for a resolution
Paragraph 6
Paragraph 6
6. Recognises that major central banks such as the ECB and the US Federal Reserve warned against underestimating the risks in the economy prior to the IT- bubble in 2000 and the sub-prime crises in 2007; notes that the financial markets failed adequately to respond to those warnings effectively; asks the ECB, therefore, to analyse that response and suggest how to improve the correlation between such forward-looking warnings and market reactions; calls on the ECB, in the light of recent financial turmoil, to analyse and evaluate the aftermaths of the financial crisis and examine whether it has sufficient instruments for handling a cross- border European financial crisis, and which powers it needs in order to improve macro- prudential supervision in the euro area;
Amendment 22 #
Motion for a resolution
Paragraph 7
Paragraph 7
7. Notes the ongoing discussion on how to define price stability, in regard to which some argue in favour of a direct inflationary targeting; believes, however, that a two-pillar system based on M3 is the most suitable way of measuring price stability; calls on the ECB to take measures for a continuous improvement of that system; recognises the added value of the additional information and early warning of inflationary risk and the operational discretion that such a system provides;
Amendment 24 #
Motion for a resolution
Paragraph 8
Paragraph 8
8. Highlights that the risks of asymmetric economic developments within the euro area could increase with an enlarged membership as the differences in size and maturity between member economies grow, calls on the ECB to tackle those risks at an early stage and to communicate them to the Member States;
Amendment 31 #
Motion for a resolution
Paragraph 12
Paragraph 12
12. Recalls the ongoing call for more transparency in the ECB which would result in increased credibility and predictability, and appreciates the efforts already implemented; recognises, in this respect, the difficulties in making the minutes of the ECB Governing Council's meetings available to the public, as differences in individual positions could be interpreted as representing national interests, leading to pressure from Member State governments on Governing Council members;
Amendment 34 #
Motion for a resolution
Paragraph 14
Paragraph 14
14. Calls on the ECB to present, once again, a proposal its ideas for reforming the structure of its Governing Council, the proposal presented in 2003 having been rejected by Parliament; notes that with the increasing number of euro area countries reforms will become even more necessary; supports the ECB's earlier suggestion that the economic weight of participating Member States should be treated as the most significant factor for the rotating voting rights, and that the number of decision makers should be kept low in order to ensure efficiency;
Amendment 41 #
Motion for a resolution
Paragraph 18
Paragraph 18
18. Notes a steady rise in the status of the euro as an international currency; points out that the European Union's representation concerning economic and monetary affairs in international forums poorly reflects the true economic weight of the euro area and that this may be seen as an obstacle for an increased influence in international financial affairs; calls, therefore, for concrete steps to be taken towards a unified euro area representation within international financial institutions such as the IMF;