Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-345-000"
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"en.20120215.18.3-345-000"2
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"I voted enthusiastically in favour of the motion for a resolution on the feasibility of introducing stability bonds, since I am well aware that the extraordinary period of crisis that we are going through requires the courage to bring in innovative measures and financial instruments. Fiscal austerity and budgetary discipline are, of course, necessary and essential: indeed, one of the most destabilising factors is the fragmentation of the equity market, which is currently subject to 27 different sets of rules and regulations. Yet if we stop here, there is a very real risk of recession.
At the same time, we need to support growth, development and jobs in order to revive the European economy. I think that opening the debate, as we have done today, on the possibility of issuing joint European bonds is a step that we cannot fail to take if our goal is to achieve a market with greater liquidity and lower interest rates. We absolutely must put paid to the concerns of some quarters over the debt that would be created being used to fund European infrastructure; this infrastructure is the key for reviving Europe’s economy and competitiveness in today’s globalised world, which will not allow us to fall behind."@en1
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