Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-210-000"
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"en.20120215.18.3-210-000"2
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"Mr President, when we look at the state of the economies across the EU and even at many households – including in my own country of the United Kingdom – we see the consequence of Member States and their people living beyond their means.
It is therefore unwise, against this backdrop – which has entailed a more accountable lending process being instituted – for us to suggest a break or lessening in the link between the Member State and the investor in bond markets through the pooling of sovereign issuance. Irresponsibility put us into the financial quagmire we now find ourselves in, and my concern with stability bonds would be that irresponsibility would be given greater dispensation and investor confidence would be further diminished."@en1
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