Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-453-000"

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"Madam President, the Commission’s proposals on stability bonds come in the wake of initiatives and exhortation by the European Parliament and I therefore warmly welcome this approach. However, I should like to clarify that our objective is not to painlessly resolve the problems of certain countries which are unable to address them on their own. The objective is effective, fair and solidarity-based debt management, without burdening the healthy countries and without certain other countries being forced to provide finance on what are, for them, very onerous terms. The objective is to stabilise the euro area itself and I am sure that the Union will proceed in that direction. I should like at this point to put certain questions to the Commission: Firstly, how have the Member States reacted and how have financial associations reacted to the Commission’s three proposals? Secondly, how does the Commission expect stability bonds to help strengthen the euro on the international markets and, thirdly and lastly, what timetable does the Commission have in mind, given that the countries under fiscal pressure have urgent and imperative needs and, at the same time, must finance their economy in order to achieve growth and cohesion, not only at national level, but also at Union level?"@en1
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