Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-452-000"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-02-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Feasibility of introducing stability bonds (debate)2
dcterms:Language	"it"^^xsd:language2
lpv:document identification number	"en.20120214.21.2-452-000"2
lpv:hasSubsequent	lp_eu:2012-02-14-Speech-2-453-0002
lpv:speaker	lp:Alfredo Pallone2
lpv:spokenAs	member; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2014-06-30)3 substitute; Delegation for relations with Canada (2009-09-16--2014-06-30)3 substitute; LIBE (2012-01-19--2014-06-30)3 member; EPP (2009-11-25--2014-06-30)3 member; ECON (2012-01-19--2014-06-30)3 member; Delegation for relations with the Maghreb countries and the Arab Maghreb Union (2009-09-16--2014-06-30)3 unknown; Il Popolo della Libertà (2009-07-14--2013-12-16)3
lpv:translated text	"Madam President, after voting on the fiscal compact and the six-pack, and after beginning a debate on compliance with the rules by everyone, we are coming to the realisation that there is no coherent position either within Parliament or within individual governments. We cannot avoid this fact. The first and second options of the Green Paper cannot be mutualised for a very simple reason, and that is that the guarantee is shared by all the Member States and therefore – as many have already mentioned – this gives rise to a moral hazard. We have to work on the third approach, if we want to take action quickly and immediately. This means that there would be no mutualisation of the debt, and we cannot work on this because I believe that it is also ethically right that we should not be able to touch on a problem that was decided with the Maastricht Treaty. In this case the debt in the form of Eurobonds would be made up of the best assets, and therefore this option is feasible and can be carried out swiftly by using, as I said, the best assets and the safest assets by means of liquid and gold reserves. I think that it is the only way forward at the current time – in other words, working on the third option of the Green Paper, because we would be hypocrites if we wanted to work on the first two in order to speed things up. Later on we will need to agree on the names of these Eurobonds, so whether they are senior Eurobonds, junior Eurobonds, and so on, but at the moment we have a pressing problem, which is that of economic stagnation. Either we take immediate action or the countries that need it will go into recession."@en1
lpv:videoURI	<go to Events_and_structure europarl>2

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