Guy Verhofstadt reacts positively to Commission proposals to create a system of eurobonds

Video Press Release

ALDE welcomes the European Commission's adoption today of a new economic governance package including a Green Paper on 'Stability bonds' which paves the way to medium and long term economic stability and sustainable growth.

"The Commission is right to assert its leadership role in this area despite some Member States' reluctance. If we want to make the euro zone more resilient against future crises, we will have to continue to work further towards establishing an economic and fiscal union - as outlined in recent ALDE proposals for a new 'Community Act'. The two legislative proposals to strengthen economic and budgetary surveillance are a step in this direction to closer convergence and integration," said ALDE President Guy Verhofstadt.

Mr Verhofstadt welcomed in particular that the Commission not only presented ambitious ideas on how to introduce Stability Bonds in the future but also that it hinted to Member States what an immediate solution to the crisis could be by elaborating on the European redemption pact proposed by the German Council of Economic Experts. "In the absence of a proposal to solve the crisis by the Council, the Commission rightly points to the redemption fund recently proposed by the German Council of Economic Experts. The Commission should now actively promote the immediate adoption of this proposal, which does not require any modification of the Treaties".

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