Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-440-000"
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"en.20120214.21.2-440-000"2
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"Mr President, it has to be clear that the point of Eurobonds is not to shift the responsibility of badly behaved countries onto the shoulders of well-behaved countries. We all need to relax. No one is thinking of ripping off their neighbours. Germany’s reservations were initially understandable, but are now groundless as it is possible to design Eurobonds that will allow some countries to cut the cost of their debt, without increasing it for others.
As some of us have mentioned, the introduction of Eurobonds needs to be part of a process of greater integration and fiscal coordination between euro area Member States. However, it will also be necessary to be pay careful attention in order to ensure that this transfer of fiscal sovereignty takes place via institutions with full democratic legitimacy, like the European Parliament.
I want to say this in the strongest possible terms. There is no response to the authoritarian procedure of the fiscal compact. Ladies and gentlemen, tomorrow’s will be a historic vote. We will be planting an important seed in order to save Europe and move rapidly towards a Europe with economic government, fiscal coordination, and therefore a political Europe."@en1
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