Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-03-09-Speech-3-098-000"
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"en.20110309.7.3-098-000"2
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"Mr President, Treaty change is a sensitive subject in my Member State where, despite promises, the Lisbon Treaty was passed without a referendum. But I understand why the crisis in the euro area is prompting you to establish a permanent stability mechanism, and although the UK is not a member of the euro area, we do wish to see your economic success. For these reasons, my government has said that it will not block the Treaty change required to establish the mechanism. But this resolution goes further, and we know from history that introducing vague language leads to uncertainties.
The recitals raise the concept of Eurobonds, woolly-worded and with no details. Members from my group are concerned. Does this hand over the sovereign right to manage one’s own treasury? What about moral hazard issues?
To summarise, we will not vote against the Treaty language agreed by Member States, which is specifically to enable this mechanism to be created, but we cannot support this resolution with creeping, vague concepts."@en1
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