Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-349-500"

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"en.20120215.18.3-349-500"2
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"I welcomed this resolution because I believe that stability bonds could be an additional means of incentivising compliance with the Stability and Growth Pact, provided that they address the issue of moral hazard and joint liability. This is one of the possible measures that could help resolve the present situation. I welcome the provision that the Commission should come forward as soon as possible with proposals to address decisively the current sovereign debt crisis. The euro area and its Member States must ensure the long-term stability of the currency used by more than 330 million people and many companies and investors because it has an impact not just on the EU, but the rest of the world. We must be open to discuss all issues – both strengths and weaknesses – relating to the feasibility of introducing stability bonds under different options, so that we find the right response to the current sovereign debt crisis."@en1

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