1 Amendments of Ramon TREMOSA i BALCELLS related to 2012/2234(INI)
Amendment 173 #
Motion for a resolution
Paragraph 7 a (new)
Paragraph 7 a (new)
7a. Is concerned on the use, in some of the Member States most stricken by the debt crisis, of public Pension Reserve Funds to buy almost exclusively national debt; this practice raises risks for the eventual full disbursement of these funds and distorts debt markets delaying necessary reforms; (For example in Spain, the Pension Reserve Fund with 55 Billion euros was initially built on a balanced approach buying only triple AAA assets. In the last years this practice has been abandoned and now 90% of assets are Spanish public debt.)