Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-357-500"
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"en.20120215.18.3-357-500"2
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"I welcome this resolution because we need to establish a sustainable fiscal framework, which, through effective measures, would enhance economic governance and boost economic growth in the euro area. Above all, the euro area should have a common liquid and diversified bond market, which would create an alternative to the US dollar bond market and would increase the role of the euro in the global financial system. The euro will therefore acquire the status of a global ‘safe haven’. Furthermore, bonds that are intended to ensure stability will help prevent a repeat of the debt crisis, will boost growth in the medium term, and will increase the efficiency of the market. However, in order to introduce stability bonds, we must not make hasty decisions. There is therefore a need for improved policy coordination, which would ensure high credit quality and that all Member States benefit from stability bonds."@en1
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