Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-450-000"

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"en.20120214.21.2-450-000"2
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". Madam President, I firmly believe that the single market will also include the single common bond market in the future. However, the question is: when exactly in the future? In this case, it would have been good to have had a political union, but we do not. Therefore, I believe that we must all recognise that Member States need, first and foremost, to regain their credibility on the financial markets through tangible results achieved by implementing the new European legislation and the agreement which is in the process of being signed on economic governance and financial stability. We talk a great deal about solidarity, which is a strong European value. However, we cannot, at any rate, allow it to be extended to some Member States having to finance the excessive spending of other Member States and at a low cost. We must also recognise that, whether we want to do it or not, Member States will pay from now on – as they also do at present – variable rates of interest and costs for the loans they obtain, as long as their credibility varies on the financial markets."@en1
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