Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-12-Speech-2-089-000"

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"en.20120612.5.2-089-000"2
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"Mr President, who is at fault in the matter of sovereign debt? By any logic, in the current circumstances, it is all those Member States whose debt is larger than 60% of their GDP. Anything above 60% is therefore unauthorised debt. Yet the markets punish some and reward others. Even though their debt is above 60%, some pay 5% while others pay nothing or 1%. I am in favour of mutualising the unauthorised part of the debt. In the environmental field, the ‘polluter pays’ principle would be applied. Transposing this principle to the field of budgetary policy in the euro area is the equivalent of mutualising this part of the debt."@en1
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