Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-06-13-Speech-3-293-750"

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"I voted in favour of this regulation. The main reason for doing so was that, for the first time, we saw a legislative text that really lays the groundwork for new and essential mechanisms for securing sovereign debts and building towards growth. Here, contrary to the view of my group – the Group of the European People’s Party (Christian Democrats) – I had no hesitation in voting in favour of eurobonds and the redemption fund. I voted in favour of the amendment on the golden rule, which would exclude investments from deficit calculations, and I regret that it was not carried. The way things are now, it is time to take urgent action: no more blind austerity; we have seen that it cannot work by itself. We need to mutualise debt while calling for austerity and, above all, we need to support growth before it is too late. The EU must take shared responsibility which, I think, also involves risk sharing."@en1

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