Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-359-000"
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"en.20120215.18.3-359-000"2
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"Like many of my fellow Members, I agree with the responses to the public consultation received thus far and am pleased with the Commission for having presented the Green Paper on Eurobonds. Indeed, Parliament had been asking for some time for the Commission to put forward an analysis on the feasibility of introducing stability bonds under different options. It seems to me that what we have ended up with could be a useful starting point for further reflection.
According to the text of the resolution, Eurobonds could become a source of stability for the euro area in the medium term while, as already discussed, we will need other tools to solve the short-term issues. In the text, we call on the Commission to come forward rapidly with possible tools to deal with the current crisis such as the European redemption pact, as well as joint management of sovereign debt issuance.
In my opinion, introducing Eurobonds remains contingent upon reducing the risk of moral hazard and making the European economy more attractive, both in terms of higher-rated and more indebted countries, boosting competitiveness and introducing mandatory debt reduction mechanisms alongside greater fiscal consolidation."@en1
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