President of the European Council, Herman Van Rompuy, on Friday told journalists in a press conference that the 17 members of the euro zone have agreed on a new European fiscal rule to be transposed in national legislation. “It is about more fiscal discipline, automatic sanctions, stricter surveillance”, Van Rompuy said.
More fiscal discipline, automatic sanctions, stricter surveillance, Van Rompuy says
9 December 2011 By
26 vs 1, we are a united European Union, Buzek says
9 December 2011 By
President of the European Parliament, Jersy Buzek, on Friday told journalists in a press conference that, despite the UK’s veto to a fully fleshed treaty change, the agreement on an intergovernmental treaty showed a stronger and more united European Union.
Cameron: What’s on offer isn’t in Britain’s interest, so I didn’t agree to it
9 December 2011 By
Speaking in a press conference after 10 hours of negotiations, David Cameron, Uk’s Prime Minister, on Friday told journalists that the new intergovernmental treaty is not in Britain’s interest. Mr. Cameron added that eurozone members should solve their problems inside the European union treaties if there are “proper protections for the single market and other key British interests”.
Draghi: There will be more discipline for euro members
9 December 2011 By
After long hours of negotiations, president of the ECB, Mario Draghi, on Friday told journalists waiting outside the European Council that the agreement on a new treaty was “a very good outcome for euro members”.
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Lagarde refuses to comment on relationship between EU members
9 December 2011 By
After long hours of negotiations, IMF Managing Director, Christine Lagarde, on Friday told journalists waiting outside the European Council that member states have agreed on a “more consolidated fiscal union”. “We will accelerate the European Stability mechanism and add to the resources of the International Monetary Fund by $270″, she said.
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Barroso: Euro members are doing “whatever they can” to support euro
President of the European Commission, Jose Manuel Barroso, on Friday told journalists in a press conference that the 17 members of the euro zone are making big efforts to support the common currency. However, Mr. Barroso pointed out that they would have preferred a “binding treaty for all 27 EU member states”. He added that while the intergovernmental agreement wasn’t their “first solution”, it “points in the right direction”.