Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-207-000"

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"en.20120215.18.3-207-000"2
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"Mr President, I have today voted against the introduction of stability bonds. It is deeply problematic if we believe that stability bonds can resolve the economic crisis in Europe. We need reforms in order to create jobs. We need Member States to stop spending more money than they earn. Overspending over many years is the cause of the sovereign debt crisis and the markets’ lack of confidence in countries’ ability to pursue a responsible policy in order to be able to pay back the money that has been borrowed. This problem will not be solved by stability bonds. Taxpayers’ money must be spent in a smarter way in the Member States on research, innovation and education, and social welfare payments have got to be reduced. Believing that we can resolve the whole situation simply by lending more money without investing in the future will not help at all."@en1
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