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MEPs wary of Barroso's 'project bond' proposal
Date 14/09/2010 20:45  Author webmaster  Hits 937  Language Global
14 SEP 2010

By Andrew Willis

EUOBSERVER / BRUSSELS - Key MEPs in the debate on the EU's future multi-annual budget have poured cold water on commission plans for an EU 'project bond'.

Commission President Jose Manuel Barroso raised the issue during his 'State of the Union' speech in Strasbourg last week, describing how the creation of such a bond could be used to finance new European infrastructure projects.

But euro deputies from a newly created committee on the future of the multi-annual budget have questioned the scheme's merits.

"For me, it's a real change to enter into the world of EU debt," said Socialist MEP Jutta Haug on Tuesday (14 September) at a press briefing session. "I think to have bonds we would need to change the EU treaty," added the German deputy and chair of the parliamentary committee.

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