Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-449-000"
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"en.20120214.21.2-449-000"2
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"Madam President, I understand the efforts made by highly indebted EU Member States to help themselves by financing their public debt with bonds, repayment of which would mainly be the responsibility of others. However, the economies of each state are the sole responsibility of their respective governments. I therefore understand the caution of those governments that still have no difficulty in borrowing at a reasonable premium on the financial markets, as they do not wish to drag their countries into the dubious game of responsibility for the financial mismanagement of others.
If common stability bonds seem as beneficial an idea to the Commission and some Member States as they state in the Green Paper, they should now consider issuing common bonds for the group of countries that see a way out of the crisis in such a solution. We would all, for example, certainly watch closely the level of financial market interest in an issue of common stability bonds by a group of countries from southern Europe – Portugal, Spain and Cyprus – and the premium at which they would trade on the markets. If the premium was at the level of Germany’s, I would say that this solution might be beneficial for the European Union."@en1
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