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

Health Care Without Harm
International Sustainability Director
European Institute of Peace
Environmental Peacemaking Programme Assistant
Health Care Without Harm
International Climate Director
World Federation of Advertisers (WFA)
Digital Policy Executive
ITA - Italian Trade Agency - Brussels Office
Junior Analyst - Foreign Direct Investment Unit
World Customs Organization
Project Officers with Customs Experience
IOM – International Organization for Migration
Regional Policy & Programme Assistant
IOM – International Organization for Migration
EU Programme Support Assistant
IOM – International Organization for Migration
Legal Assistant (Contracts)