Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-07-Speech-2-225-000"
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"en.20110607.23.2-225-000"2
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"Yes, I noticed that some of my colleagues are still on the fire drill.
Yesterday, Commissioner Olli Rehn announced a number of important steps in the Commission. First of all, he asked for a number of changes to a rescue mechanism. He said it is necessary for this mechanism to be able to provide countries with flexible credit lines. He said that this mechanism has to be able to go to the secondary market and, most importantly, he said that this can be done by discounted swaps with its own AAA rated bonds. This is very important because it means that you can swap bad bonds from countries in difficulties with the rescue mechanism’s AAA bonds.
Secondly, he also said that the Commission should start to examine the possibility of Eurobonds – finally, I may say.
My question to you, Mr Barroso, is can you confirm that this is also the position of the Commission? Secondly, as time is pressing, will you propose these changes to the rescue mechanism at the next European Council meeting in two weeks’ time?"@en1
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