Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-348-500"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"2012-02-15"^^xsd:date2
dcterms:Is Part Of	lp_eu:Explanations of vote2
dcterms:Language	"mt"^^xsd:language2
lpv:document identification number	"en.20120215.18.3-348-500"2
lpv:hasSubsequent	lp_eu:2012-02-15-Speech-3-348-7502
lpv:speaker	lp:Louis Grech2
lpv:spokenAs	substitute; Delegation to the Parliamentary Assembly of the Union for the Mediterranean (2009-09-16--2013-03-12)3 member; Delegation for relations with Australia and New Zealand (2009-09-16--2013-03-12)3 substitute; Delegation for relations with Albania, Bosnia and Herzegovina, Serbia, Montenegro and Kosovo (2009-09-16--2013-03-12)3 substitute; Delegation to the Euronest Parliamentary Assembly (2009-09-16--2013-03-12)3 unknown; Partit Laburista (2009-07-14--2013-03-12)3 member; S&D (2009-07-14--2013-03-12)3 substitute; BUDG (2012-01-19--2013-03-12)3 vice-chair; IMCO (2012-01-24--2013-03-12)3
lpv:translated text	"I support Parliament’s resolution on the feasibility of stability bonds. Recent attempts by Member States to address the economic crisis have been almost universally short-sighted and half-baked. We must do better – Europe needs a credible, long-term route out of the crisis, involving a series of interlocking measures. One such initiative could be stability bonds, or Eurobonds. In my view, stability bonds deserve serious consideration because, if properly implemented, they could help to insulate the euro area’s 330 million citizens from the type of instability that has dogged us in recent years, costing us jobs and reducing people’s quality of life. A well-designed stability bond system would address these problems in the following way: firstly, by creating a single market for euro area bonds, stability bonds would be a formidable tool in our arsenal against the ongoing crisis. Stability bonds would improve liquidity in the bond markets, reduce volatility and prevent speculative attacks on euro area Member States. Secondly, stability bonds could support sustainable and responsible budgetary practices by including requirements for budgetary discipline. Such a solid economic framework could result in improved economic governance and, crucially, could spur economic growth, which has been hampered by the atmosphere of uncertainty on financial markets."@en1
lpv:unclassifiedMetadata	"Louis Grech (S&D ),"1 "in writing."1

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