Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-12-14-Speech-2-414"
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"en.20101214.35.2-414"2
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"In answer to your comment, Mr Verhofstadt, let me tell you first of all that the Commission has already used its right of initiative. You will remember that, when we launched this mechanism, Olli Rehn and I introduced the possibility of collective guarantees, which was more or less going in the direction of Eurobonds. It was flatly rejected by the Member States.
We could now put forward new proposals, but at this time, I do not think that it is responsible to put forward formal proposals again when we are in such a sensitive situation. It will only divide the euro area and the European Union. But the Commission has already made proposals. They were on the table and were rejected. That is the reality.
Regarding the financial perspectives, I have already made a commitment to putting forward the proposal for a specific kind of Eurobond – euro project Eurobonds – and, even though I have already heard some negative comments from some capitals, I am still hopeful that this will come into being.
Regarding your question, I think we have to ask more of the Member States. As you know, with the exception of four or five Member States, they are not ready to give their declaration of assurance. It is true what our Director-General said – as you mentioned – that sometimes, the Commission does not have all the necessary instruments to engage with the Member States as early as possible with regard to the way in which European Union funding is spent at national level."@en1
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