CELEX: 51998AP0182
Language: en
Date: 1998-05-13 00:00:00
Title: Resolution embodying Parliament's opinion on the appointment of the President of the European Central Bank (7993/98 - C4-0260/98)

Avis juridique important

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51998AP0182

Resolution embodying Parliament's opinion on the appointment of the President of the European Central Bank (7993/98 - C4-0260/98)  

Official Journal C 167 , 01/06/1998 P. 0086

A4-0182/98Resolution embodying Parliament's opinion on the appointment of the President of the European Central Bank (7993/98 - C4-0260/98)The European Parliament,- having regard to the Council recommendation of 2 May 1998 (7993/98 - C4-0260/98),- having regard to Article 109a of the EC Treaty,- having regard to Article 50 of the Protocol on the Statute of the ESCB and of the ECB,- having regard to Rule 36 of its Rules of Procedure,- having regard to the recommendation of the Committee on Economic and Monetary Affairs and Industrial Policy (A4-0182/98),A. whereas at its meeting of 7 May 1998 the Committee on Economic and Monetary Affairs and Industrial Policy heard Dr W.F. Duisenberg, the Council's nominee for the office of President of the European Central Bank, for a term of office of eight years, and at its meeting of 11 May 1998 considered the nominee's qualifications in the light of the criteria laid down by Article 109a of the EC Treaty,B. whereas the nominee has made an oral statement and has submitted this for the consideration of the Parliament,C. whereas the President of the ECB should have regard to the continuity of leadership in the Board of the Bank by avoiding an early or simultaneous succession of both the President and Vice-President,D. whereas the ECB has to be politically independent as of the moment of its establishment; whereas, however, the nomination of the candidates for the ECB Executive Board is a political act,E. whereas the nomination procedure used on 2-3 May 1998 has proved highly unsatisfactory, especially in view of the requirement for unanimity,F. whereas these procedures need to be improved in the future in order to reinforce public confidence,1. Confirms the appointment of Dr W.F. Duisenberg as an appropriate candidate for the office of President of the European Central Bank for an eight-year term;2. Instructs its President to forward this opinion to the President of the Council, for forwarding to the governments of the Member States.