Interview with the Stuttgarter Zeitung on Economic Governance
In an interview with the Stuttgarter Zeitung, President Barroso underlined that the Commission's proposal to increase the lending capacity and widen the scope of activity of the EFSF is "embedded in a comprehensive programme of fiscal consolidation and structural reform to guarantee stability and discipline." He stressed: "I have no hidden agenda! There is no common liability for public debt. We do not want a transfer union and we don't have one. What we have is a system of loans and loan guarantees that leads to stability in the interest of all."