Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-355-937"

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"en.20120215.18.3-355-937"2
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"Since I agree that they form part of a genuine ‘fiscal union’, I voted for the resolution on stability bonds; that is, on the issuance of public debt by EU Member States, mutually guaranteed by the other Member States. As the resolution states, we have had a single currency without a common fiscal policy or a single bond market. When fiscal integration is consolidated, there will be no reason not to have a mutually assured issue of public debt. This will, however, require Treaty change. Despite the hasty demands of some, what we could not have is Eurobonds without first establishing fiscal union. A country cannot be asked to be held responsible for the debt of another country if there is no mutual control of their respective budgets. The recent ‘fiscal compact’ is an important step in the right direction."@en1

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