Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-295-007"
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"en.20120613.24.3-295-007"2
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"Europe is at an important crossroads. It is a question of deepening our cooperation – moving towards deeper political and economic integration or asking some countries to leave the euro area. We are convinced that the way out of the crisis is deeper political and economic cooperation. In order for this to happen, we need an economic policy that will lead to sound and stable government finances and greater economic growth. We therefore welcome the two legislative proposals, the ‘two-pack’, which will further tighten up economic surveillance in the euro area. The rules for budgetary surveillance need to be tightened up and complied with by those countries with large budgetary deficits and excessive public debt.
The Group of the Alliance of Liberals and Democrats for Europe advocates the introduction of a redemption fund. We support this idea because this sort of fund could create appropriate conditions to allow those countries with a large amount of public debt to remain in the euro area. The fund must have strict terms and conditions and it must run for a limited period in order for it to work. It cannot therefore be compared with the introduction of eurobonds. The redemption fund could be an important part of the puzzle when it comes to solving the debt crisis in Europe and ought to be evaluated carefully."@en1
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