EESC website

EESC website

Follow me

 

Interactive

Staffan Nilsson at a press conference at the European Parliament on the citizen's agora eventEESC President about the cooperation with the European Parliament at the "Citizen's Agora" event

Staffan Nilsson at the European Parliament

 

 

EESC: a bridge between Europe and organised civil society

Portait of Staffan Nilsson

Staffan Nilsson's Portrait

HomePage Banners

EESC President Henri Malosse

President's blog European Elections 22-25 May 2014 - Act. React. Impact.

 

  Logo of CESlink - Online cooperation between Economic and Social Councils Greek Presidency of the Council of the European Union

Valid XHTML 1.0 Transitional Valid XHTML 1.0 Transitional

   

 

Staffan Nilsson's Comment (former EESC President 2010-2013)

Disponible aussi en version française

Svensk version tillgänglig

 

Crisis calls for Fiscal Stability Union backed by Eurobonds - Statement by Staffan Nilsson

7 Jun 2012 By: Staffan Nilsson 3 Posts

On the margins of a conference organised by the European Economic and Social Committee on 7 June, the President of the European Economic and Social Committee, Staffan Nilsson, stresses the need for a Fiscal Stability Union in Europe, backed by Eurobonds, in order to overcome the crisis and ensure investment for the future development of the European Union.

Europe must answer the question of whether Eurobonds are a starting point or an end point for deeper fiscal integration. The huge fiscal consolidation efforts in many Member States will only be sustainable if they directly result in lower interest rates on public debt. Eurobonds are therefore an essential element in an architecture that needs to guarantee fiscal discipline by individual Member States while shielding them from excessive spreads on sovereign debt. To get there, we need concrete initiatives aimed both at providing forms of shared responsibility between Member States for public debt within the Union and also at boosting investment in Europe.

We need a Europe of EU-wide projects for investment, growth, competitiveness and jobs. We need a Europe of true solidarity and respect for all citizens. We need a global Europe, not polarisation between North and South. We need a Europe of democracy, both representative and participatory. We need deeper European integration, in which responsibilities are shared, risks are mutualised and resources are jointly leveraged to create a growth model which is credible, coherent and sustainable.

Europe has always managed to move forward at times of crisis: let us seize this opportunity, so that the European Union emerges from this crisis with new strengths.

3 Posts

RSS
  • 7 Aug 2012 19:13
    Posted by giovanni saguato

    The article on the Financial Times on 06.08 clear show that the big banks in the USA & the City of London are tray their best to destroy the Euro as citizen of the EU i call all the EU institution to strong protest to the Government of the country involve for allow their financial institution to be involve in economic terrorism.

  • 5 Aug 2012 12:34
    Posted by Rita

    It looks like everybody, who is not in the paying end of the eurobonds, is backing them. We, who should pay do not like the idea.

  • 19 Jul 2012 14:44
    Posted by Andre

    Eurobonds are not at the advantage of good governance, they promote moral hazards. And exactly that is what we have to keep in mind in the community, do policies raise the standards, reward and promote the procedures of the champions. If you let the past offenders, the forgers of their balance sheets get away with it once more, that undermines trust in European policy, creates a crisis of confidence. It is now upon the sane parts of Europe to set the course.

Please Comment

Post Details

up to 2000 characters

Entry Validation
Code

If you cannot see the characters in the picture, try refreshing the page (press F5)