Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-06-07-Speech-2-226-000"

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"I want to confirm that all the ideas put forward by Commissioner Rehn have my full support and endorsement, so I will not repeat what he said. Regarding the ESM, we are now in the process of establishing it. As you know, I hope the governments will very soon agree on that and so I hope that there will be a political decision in the European Council confirming the decisions regarding the European Stability Mechanism and, of course, you know what our position is. Regarding Eurobonds, this is not a new idea. The Commission has, for many years, including one of my predecessors, put forward the idea of Eurobonds. The reality is that so far, Member States have not accepted the idea; namely, when we had the crisis with Greece, the Commission proposed some idea of mutualisation of the debt, which was rejected by most of the Member States in the euro area. I think that there is now some progress in terms of accepting the idea of considering several options, and the Commission will, of course, present several options. We have always thought that the idea of Eurobonds was an attractive one provided the Member States could support it, but we are not yet there, to be honest. We are not yet there and I think what we have to do now is focus on the ESM."@en1
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