Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-14-Speech-2-468-500"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-02-14"^^xsd:date2
dcterms:Is Part Of	lp_eu:Feasibility of introducing stability bonds (debate)2
dcterms:Language	"fi"^^xsd:language2
lpv:document identification number	"en.20120214.21.2-468-500"2
lpv:hasSubsequent	lp_eu:2012-02-14-Speech-2-471-0002
lpv:speaker	lp:Sirpa Pietikäinen2
lpv:spokenAs	substitute; Delegation to the EU-Armenia, EU-Azerbaijan and EU-Georgia Parliamentary Cooperation Committees (2009-09-16--2014-06-30)3 member; Delegation for relations with the People's Republic of China (2009-09-16--2014-06-30)3 substitute; ECON (2012-01-19--2014-06-30)3 member; EPP (2009-07-14--2014-06-30)3 member; ENVI (2012-01-19--2012-03-11)3 substitute; FEMM (2012-01-19--2014-06-30)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2014-06-30)3 unknown; Kansallinen Kokoomus (2009-07-14--2014-06-30)3
lpv:translated text	"I would like to thank the Commission for giving tangible shape to the debate on Eurobonds; the Green Paper on stability bonds is an excellent start to that debate. The idea of common euro area bonds must be properly examined as one component in the Union’s future financial architecture, especially as a method for increasing the stability of European public debt financing and to reduce interest charges, and as a boost to the economy. The approach should, above all, be a pragmatic one: with adequate guarantees of good financial discipline, a common bond would reduce everyone’s debt service costs. Without them, we would be sharing the risks for the wrong reasons. Common European bonds will also be seen to bring other benefits. Lower and steadier interest rates on the debts of countries in the system and making it harder to speculate using the bonds of individual countries are issues we hear time and time again in debates. The argument that common bonds have greater liquidity has, in particular, been used to support the idea that the system would also be useful for ‘good payers’, which would still be countries judged to be in the lowest possible risk category. It is mainly the smaller countries with AAA credit ratings, though also Germany, which have been thought to benefit from a large, more liquid bond market. Common bonds would compel Member States to coordinate their financial policies more closely. Both those who oppose the system and they who support it have valid reasons for so doing. I myself think that the benefits to be gained from Eurobonds will, in the end, be greater, as long as we ensure that the system’s rules and structure are imposed in the right way."@en1

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