Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-344-921"

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"en.20120215.18.3-344-921"2
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"Considering the particular situation in which the euro area finds itself, and the sovereign debt crisis and high interest rates being experienced by the weakest economies, there is consensus on the importance of stability bonds as elements for stability and increased confidence, convergence and growth for the euro area. Stability bonds will enable sovereign debt risk to be shared, will reduce market volatility, and will set the euro area on a path of greater integration, which will lay the foundation for relaunching economic growth. They will have other benefits, specifically with regard to reducing the cost of debt, to reasserting the euro as a reserve currency at global level, to market efficiency and to reducing speculative attacks. This resolution, for which I voted, emphasises the need for swift measures to resolve the sovereign debt crisis, calling for concrete actions from the European Commission."@en1

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