Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-09-28-Speech-3-217-250"

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"The economic governance package has been adopted. I voted against the large majority of reports for I believe we have come too late with these reports. There is a huge gap between this package and the current crisis we are in. Europe’s crisis is such that there is urgency, but urgency to do something else: such a package could make sense in a period of stability, but that now seems a long way off. Focusing on stricter sanctions and harsher rules without proposing a large-scale project for economic, environmental and social investment is a mistake. Austerity is already a reality for everyone in Europe; what we need is a positive vision for the future. The Eurobonds project, which is mentioned in Ms Goulard’s report, is one of the conduits for getting us out of the crisis. It should be noted that these European bonds should not just be used to repay the debt, but also to promote investment. To fund future projects in the energy sector, transport, research and innovation, it is now that we need these ‘project bonds’, as they are called, not in three or five years’ time."@en1

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