Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-18-Speech-3-381-000"
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"en.20120418.21.3-381-000"2
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"Mr President, Mr Barroso, ladies and gentlemen, I agree with my colleagues who have talked about a quantum leap in European politics. The response from the euro area has been strong. We have given ourselves new stringent regulations for Member State budgets in order to avoid repeating the errors of the past, but these rules requiring major sacrifices from our citizens cover only one area.
Now is the time to focus on growth, and I agree with all those who have spoken about growth, because if we straightjacket our state budgets and also require rigorous structural reforms, then, at the same time, we have to bring in measures to stimulate growth. Otherwise, in overall terms, Europe or many Member States risk falling into recession.
The problem facing us today is the lack of an investment policy, the only way to avoid another crisis, which is that of economic stagnation. Therefore, this Parliament is in the frontline with these topics, such as the addition of a discount factor, and I appeal to Mr Barroso with regard to the problem of the Basel reforms – a supporting factor for small and medium-sized enterprises (SMEs) to which all the European institutions need to respond jointly and unanimously.
In this situation, we cannot avoid taking the issue of Eurobonds into account, but we must make a distinction as there is a lot of confusion in this regard. Eurobonds need to be created without resorting to mutualising the debt.
In my view, the third approach in the Green Paper seems to be the right one, but there need to be a few amendments. The European economy cannot be kick-started if we do not use the strength of the euro at the same time. Eurobonds make it possible to organise and contain public debt and to collect the necessary finances for Europe’s future on the market."@en1
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