EURACTIV PR

An easy way of publishing your relevant EU press releases.

Verhofstadt rejects Merkel's false choice between competitiveness and Eurobonds

Date

16 Dec 2010

Sections

Euro & Finance

Reacting to comments from German Chancellor, Angela Merkel, today that Europe needs more convergence in economic policy and competitiveness rather than a market in Eurobonds, Guy Verhofstadt responded:

"It is not a question of either, or. Europe and the Eurozone clearly need both. Merkel is being extremely unhelpful in blocking discussion on a form of Eurobonds which will bring stability to the markets and to Europe's peripheral economies currently undergoing severe liquidity problems. Serious crises call for serious solutions. We need definitive answers, not another temporary stop gap."

"Eurobonds will not necessarily lead to higher interest rates on German bonds if we make a distinction between Maastricht debt (below 60% of GDP) and national debt (anything in excess of 60%) where the latter already benefits from high credit ratings. Rather they will represent an incentive for fiscal discipline and better and more stable refinancing."

For more information, please contact:
Corlett Neil - Tel: +32 2 284 20 77 Mob: +32 478 78 22 84
Web: http://www.alde.eu

Jobs

BRAK - Bundesrechtsanwaltskammer
Assistenz (m/w/d)
Forum CTEP GmbH
Debate Editor (f/m/d)
Intercultural Dialogue Platform
Videography & Media Intern (Paid Internship)
Intercultural Dialogue Platform
Social Media & Graphics Intern (Paid Internship)
CENTRE TECNOLÒGIC DE TELECOMUNICACIONS DE CATALUNYA - CTTC
Researcher position in Communication Technologies Division - SMARTECH Department
One Policy Place (OPP)
Policy Analyst - EU Finance Policy
INEA - Innovation and Networks Executive Agency
PROJECT OFFICER Horizon 2020 Research and Innovation - Transport
Eastern and Midland Regional Assembly
EU support officer