Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-344-906"
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"en.20120215.18.3-344-906"2
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"I voted in favour of this resolution expressing the European Parliament’s position on the Green Paper and a more detailed resolution or reports on this matter will be drawn up at a later date. 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 indirectly affects the rest of the world. I agree that stability bonds could be an additional means of incentivising compliance with the Stability and Growth Pact. However, we must continue to tackle such important issues as budgetary discipline and increasing competitiveness, the criteria for the allocation of loans to Member States and the capacity to service the debt, as well as measurable and enforceable debt programmes, etc. The prospect of stability bonds may foster stability in the euro area in the medium term, but the Commission must come forward rapidly with proposals to address decisively the current sovereign debt crisis."@en1
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