Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-451-000"
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"en.20120214.21.2-451-000"2
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"Madam President, ladies and gentlemen, this is not a general debate about the economic crisis, it is a specific debate about the Commission’s response to the Green Paper consultation. The response to the consultation, Commissioner, is something that you have withheld from us today. We do not know the response to the consultation. In the Green Paper, you put forward three variants. Today, however, you did not come down on the side of any of the three and we are now at the point where we need to get a move on.
We know the problems but we also know that the euro area – any currency area – is also a bond market. We also know that, before Eurobonds can be introduced – although there are many that we are thinking about today – there needs to be a consolidated budget. We have a long road ahead of us in that regard. I only have to think of the debate about the six-pack, of the fiscal pact, to get the feeling that the Member States are not yet at the stage to enable us to actually Europeanise the things we need.
Irrespective of this, you can also help speed things up with specific proposals – in which regard Mr Langen is absolutely right to say that, for two of the variants, we do, of course, need a treaty change – with specific variants, with a specific road map. We need Eurobonds, we need money and we need lower interest rates. We therefore need to move along that road more quickly than was apparent from your speech today."@en1
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