Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-02-Speech-4-308-437"

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"en.20120202.31.4-308-437"2
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"I abstained from voting on paragraph 6 of the motion for a resolution on the meeting of the European Council of 30 January 2012, calling for a road map for the introduction of stability bonds. I believe that such a road map would be wrong at present because it would simply ‘reward’ the excessive indebtedness of some Member States and lead to the morally unjustifiable joint and several liability of other Member States. Naturally, in the distant future, the euro area is interested in a joint liquid bond market as an alternative to the market for US dollar bonds, making the euro an internationally secure currency and replacing the dollar in this respect. The right conditions for such a move are still very far off, because, at present, some southern European Member States have no understanding of reasonable budgetary, fiscal and stability policies."@en1

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3http://purl.org/linkedpolitics/rdf/spokenAs.ttl.gz

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