Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-23-Speech-3-056-500"

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"en.20110323.15.3-056-500"2
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"I voted for the amendment of the Treaty with regard to a stability mechanism for Member States whose currency is the euro. I hope that Member States will come to a quick decision over its details and specificity. However, I do not think that the debate stops here. Indeed, I believe that in the coming months and years the issue to be faced will be whether to and how to use these contributions. I refer, for example, to the matter of Eurobonds. In a situation like the present, in which Member States are asked, on the one hand, to implement severe budget policies to reduce deficits and debts and, on the other, to pay contributions to participate in the stabilisation fund, there is a real risk of collapse and a risk of States no longer being able to finance themselves. The European economy cannot be revitalised unless, at the same time, we use the strength of the euro on international markets and the resulting improved credit rating for its recovery. The collection of money at European level allows Member States to cut spending to avoid overlap and to achieve a better return on their investment."@en1

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