Edward Scicluna

Labour MEP welcomes move forward on Eurobonds

Labour MEP welcomes adoption of first form resolution on the feasibility of stability bonds by the European Parliament saying it was an important step toward budgetary discipline.

Labour MEP Edward Scicluna says well-designed stability bonds could improve liquidity in the bond market, but also bind in rules on budgetary discipline.

Labour MEP and Socialist and Democrat group spokesman on Eurobonds Edward Scicluna said that common Eurobonds were close to becoming a reality after the European Parliament adopted its first formal resolution on the feasibility of stability bonds.

“This resolution on stability bonds is one important plea for sanity to change the current defective Eurozone architecture.   It is an opportunity for the Eurozone to show it is not offering just knee-jerk solutions to the latest downgrade but clear-headed thinking. Well-designed Stability Bonds could improve liquidity in the bond market, but also bind in rules on budgetary discipline,” Scicluna said.

The resolution was intended as an answer to the Green Paper by the European Commission on the same subject, and will be followed by a detailed report by the Parliament’s Economic committee.

Scicluna had negotiated both the first inclusion of reference to stability bonds in the economic governance ‘six pack’ as well as the current report with Liberal MEP Sylvie Goulard.

“We know that stability bonds jointly issued by member states will not be introduced in a matter of weeks or months. Not only do we need to decisively address the questions of conditionality and moral hazard, but also the legal requirements including possibly a treaty change. This resolution is about issuing a credible statement of intent to the financial world and to set in motion a chain of legal events to bring about the needed changes,” Scicluna said.

 

– maltatoday, 16 February, 2012

author_pc

1,429 responses to “Labour MEP welcomes move forward on Eurobonds”

  1199. This new waterproof eyeliner formula delivers long-lasting definition with a twist of the wrist: Colour winds up when you need it, winds down when you don’t. A built-in sharpener at the opposite end detaches for quick refreshes. Web ID: 12614876 Stila Stay All Day Waterproof Liquid Eye … Super easy to apply, Stylo Yeux Waterproof trace a  full of color line for a intense and seductive look. ColourPop Cloud 9 Palette Swatches Convenient and complimentary, order online and collect from your nearest store. I’ve tried so hard to love this. I don’t think it’s waterproof. Love the colors, especially the new coppery brown for Fall ’16. By lunch everything I put on was 1 2 gone. Very pricey if it’s not… Official Release Date: July 1st, 2021 How Klarna works Into the Forest Convenient and complimentary, order online and collect from your nearest store.
    http://webmail.han-jin.com/bbs/board.php?bo_table=free&wr_id=9324
    Mature skin is skin that is showing signs of aging such as fine lines and wrinkles, loss of collagen elasticity, and dryness. These signs can show as early as your late twenties and early thirties. Aqua Water Eau, Cyclohexasiloxane, Nylon-12, Isododecane, Alcohol Denat., Cyclopentasiloxane, PEG-10 Dimethicone, Cetyl PEG PPG-10 1 Dimethicone, PEG-20, Polyglyceryl-4 Isostearate, Disteardimonium Hectorite, Phenoxyethanol, Magnesium Sulfate, Disodium Stearoyl Glutamate, HDI Trimethylol Hexyllactone Crosspolymer, Titanium Dioxide, Methylparaben, Acrylates Copolymer, Tocopherol, Butylparaben, Aluminum Hydroxide, Alumina, Silica, Glycerin. May Contain: CI 77891 Titanium Dioxide, CI 77491, CI 77492, CI 77499 Iron Oxides. “I’ve been wanting to try Rimmel products because they don’t shimmer. So in switching from a different concealer to try this Rimmel one, I was actually impressed. It remained matte for a good part of the day, held up to sweating, blended in well to my skin tone. And didn’t settle into fine lines. Longevity could have been improved to last the entire day.”

Leave a Reply

Your email address will not be published. Required fields are marked *