Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-205-000"
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"en.20120215.18.3-205-000"2
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"Mr President, it is acceptable for 27 borrowers, all of whom are creditworthy, to get together to take out a joint loan and, as a result, to obtain better terms from the bank. Eurobonds could function in a similar way to this and I would like to say once again at this point that for me, Eurobonds are a fair-weather tool.
However, if some of the 27 bank customers are not creditworthy, then mixed financing is needed and the borrowers who are in a better position will simply have to accept less favourable terms. This means that we first of all need to clarify the ground rules in Europe. We must implement the stability criteria and then we can ultimately bring in Eurobonds as the icing on the cake, so to speak. Since we have not yet reached this point in the European Union, I was not able to vote in favour of this motion and this report."@en1
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