We need to ensure solidarity prevails, says Di Ruppo

Speaking to at the Council doorstep, newly elected Belgium’s PM said: “What is most important at this summit is to find a solution for all European citizens and to make sure that the spirit of solidarity will prevail, between member states and between citizens.”

50000 trade union members protest austerity measures in Brussels

Around 50 thousand trade union members marched across Brussels on Friday to protest against austerity measures. In response to the current financial crisis, the newly formed Belgian government agreed last week to cut public spending by 11 billion euros and to liberalise labour regulations. The new budget for 2012 has been described by trade unions as “unbalanced” and “unfair”.

Frustration and anger were common feelings amongst the anti-austerity protesters, who feel that orders from the European Union are forcing national governments to adopt severe public cuts. “This government is directing its power towards the working class”, they say.

The deal includes restrictions on early retirement age and cuts on public services. The budget was agreed after markets and the European Commission applied high pressure on the government, threatening Belgium with a 700 million euros fine if they didn’t commit to severe reductions by Mid-December. Despite the evident disappointment of Belgians, the demonstration passed off peacefully, with little police presence.

The protests come ahead of next-weeks Council summit, when European heads of state will gather in Brussels to discuss potential treaty changes in an attempt to solve the current sovereign debt crisis.

Van Rompuy comments on meeting with Obama

President of European Council, Herman Van Rompuy, on Monday described US-EU summit as “very useful”. “We are real partners”, Van Rompuy said referring to US-EU relations.

Van Rompuy urges greater economic union

Speaking during a European parliament debate on Wednesday in Strasbourg, president of the European Council, Herman Van Rompuy, called for a more integrated economic union. Van Rompuy suggested that there is a need for ” harmonization in a certain areas such as taxation or even some social field”. He also added that a greater governance is possible within the limits of the current treaty.

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Van Rompuy addresses Euro reforms at The Lisbon Council

European Council President Herman van Rompuy on Thursday addressed the current economic and financial challenges facing the euro countries and the rest of the European Union during a keynote speech at the 2011 Euro Summit organized by The Lisbon Council in Brussels.

Herman Van Rompuy: Douze points pour la Grèce

Extracts from the press conference in Cannes by the president of the European Council, Herman Van Rompuy.

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Euro Crisis Update: Merkozy, Dexia, Nobel Prize, Dual Currency

The leaders of Germany and France have promised to unveil new measures to solve the euro zone’s debt crisis by the end of the month. EUX.tv’s Ray Frenken digests the [Read more...]