Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-06-Speech-3-365-250"
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"en.20110706.18.3-365-250"2
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"I am voting in favour of Mrs Berès’s report, which is the result of the joint work carried out over the last 18 months by us members of the CRIS Committee. In particular, I should like to stress that union and solidarity are fundamental for Europe to successfully overcome the global challenge, and in that sense, I welcome the reference made in the report to Eurobonds. The current European national bond market is extremely fragmented; the mutual issuance of Eurobonds may get round this fragmentation by creating a new European market with a global dimension. The lack of a strong and substantial European bond on the global markets penalises the whole Union, including states with healthy public finances. Any solution, though, must avoid countries with responsible budgetary policies being forced to rescue, in one way or another, ‘undisciplined’ states. The concept of Eurobonds is based on solidarity but they must not become an instrument to reward unsound policies and to weaken incentives towards greater future budgetary prudence by states."@en1
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