10
Feb
2025
Watch
European Central Bank – annual report 2024 (debate)
Mr President! Dear President Lagarde, Dear Commissioner, Thank you very much, Mrs. Lagarde, for staying with us again. I am very happy to be able to discuss with you here or in committee again and again. Because I think the exchange in such difficult times is really important and important. Ms Lagarde, I would like to comment on the current report – but this is related to an interview you gave me on 31 January in the Financial Times. Congratulations on this great interview! You wrote or gave it together with Mrs. von der Leyen. There is precisely the problem, Mrs Lagarde, you hear it here from many colleagues: market neutrality and price stability. Many of our colleagues in the House, who are real experts in finance, feel that somewhere the neutrality of our ECB has been lost – and that you are dangerously close to the Commission and to heads of state. That is why I think it is really difficult to read a joint interview, although you, and I would like to commend you, Mrs Lagarde – the points you mentioned in the interview are just right. You said we need to reduce overregulation in the banking sector. The answer is very simple. Here in this house the big mistake: Taxonomy and ESG – a complete overregulation of the banking system. Then you have rightly criticised the fact that companies do not provide sufficient funding to finance our companies. Yes, down hard equity ratio, that's the answer. Then another point: energy prices. Of course, energy prices are far too high. The answer to that: We need more fossil gas from as many suppliers as possible. Mrs. Lagarde, my sincere request: Come back to neutrality and do not listen to the left part of this house. To question market neutrality is to destroy the euro and thus drive our democracy to the wall.