Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-345-750"
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"en.20120215.18.3-345-750"2
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"I support this report because stability bonds can be an additional incentive for compliance with the Stability and Growth Pact, especially in the context of new rules for the effective enforcement of budgetary surveillance in the euro area. As the issuer of the second international currency, the euro area has an essential role in maintaining the stability of the international monetary system, and also a strategic interest in capitalising on its full potential, so that the euro can become a global reserve currency. However, stability bonds can only play an important role in national implementation and global affirmation of euro area monetary policy provided that there is a sustainable budget framework in place based on economic growth, and not in the fragile context of the last two years, marked by speculative attacks, instability and faulty economic governance."@en1
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