Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-11-30-Speech-3-161-000"
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"en.20111130.16.3-161-000"2
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"Mr President, instead of using the European semester to pass more competences to Brussels and thus push further ahead with the centralisation of the European Union, it is, in my view, more important to prevent the debt from occurring in the first place. In view of the morass that is the debt crisis we find ourselves in, it is important, above all, for us now, at all costs, to avert the real threat of the countries in the euro area that are still economically successful being dragged into the abyss as well.
The introduction of common bonds for the euro countries with a triple A rating – what are being referred to as elite bonds – only makes sense if the European Union does not degenerate into a debt union or transfer union. That would probably make the division of the euro area essential. The introduction of elite bonds would perhaps result in a situation that the euro visionaries cannot oppose. Elite bonds could therefore pave the way for a core European hard currency zone, a core European hard currency union, which would, in my view, make perfect sense."@en1
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