Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-12-15-Speech-2-120"
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"en.20091215.13.2-120"2
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"Mr President, to come back to what I was saying, a European bond market could help Greece. It would by no means obviate the need for that country to carry out reforms, but it would help all the other EU Member States too, as it would mean a much lower interest rate being payable on the debt. Let us compare the interest rates payable in Germany and the United States. The Americans pay 0.4% less interest on their treasury bonds than the Germans, even though German public finances are in much better shape. This is proof that we urgently need to take that course. I expect the Commission to do so."@en1
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