Activities of Ashley FOX related to 2012/2028(INI)
Shadow opinions (1)
OPINION on the feasibility of introducing Stability Bonds
Amendments (5)
Amendment 2 #
Draft opinion
Paragraph 1
Paragraph 1
Amendment 10 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1 a. Recalls that Article 125 of the Treaty on the Functioning of the European Union prohibits Member States from assuming liabilities of another Member State;
Amendment 13 #
Draft opinion
Paragraph 1 b (new)
Paragraph 1 b (new)
1 b. Stresses that mutualisation of sovereign debt cannot cure a loss of competitiveness, and, by creating moral hazard, risks undermining the euro zone by weakening market discipline, preventing eurozone Member States from implementing much needed structural reforms and fiscal consolidation measures;
Amendment 19 #
Draft opinion
Paragraph 2
Paragraph 2
2. Welcomes the factNotes that, as regards possible Stability Bond systems, a range of options have been put forward, but believes that it is necessary to assess all of the existing proposals, as listed in Annex 2 of the Green Paper, ands well as the recent proposal by the German Council of Economic Experts and proposals to unwind existing structural imbalances within the eurozone by an orderly break-up of the euro currency; considers that it is important to know how far the high degree of moral hazard attributed to option 1 could be counteracted by varying the interest rates to be charged to countries, or whether the higher interest rates on ‘red bonds’ would quickly become unsustainable for countries using that source of finance;
Amendment 28 #
Draft opinion
Paragraph 6
Paragraph 6