Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-02-15-Speech-3-358-000"
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"en.20120215.18.3-358-000"2
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"Lying at the heart of the debate on Eurobonds, I believe, is the notion that every country must be liable for its own debts. We need practical tools to beat the current crisis in the European economy. We also need sustainable solutions to prevent similar crises in the future.
Eurobonds cause fear in countries that have managed their budgets well. This fear is based on the imagined threat that Eurobonds will result in the cost of borrowing rising in countries with the highest credit ratings. Finland, for example, has not adopted the proposal on Eurobonds.
The Commission estimates that there may be many benefits from jointly issued Eurobonds. The euro area countries that are grappling with financial problems would be able to obtain loans more easily and more cheaply. A more sustainable, more stable euro area is in the interests of the whole of Europe. How the crisis in the European economy is managed should be decided within the European Union. That is why there needs to be discussions between the Council of Ministers, the Commission and Parliament on the European crisis and its management.
I call for financial discipline and monitoring as a condition of common Eurobonds. Member States that have managed their economies and budgets well should not have to foot the bill."@en1
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