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Europe is seeking a final solution to the debt crisis
Friday, March 2, 2012
Brussels - AFP
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Greek Prime Minister upon his arrival at the headquarters of the European Union to participate in the summit (AFP). Jpg
European leaders working to turn the page on the debt crisis at a summit in Brussels began yesterday and concludes today, with the postponement of their actions promote prevention of the crises that the world urgently requires them. He met with the Heads of State and Government in the 27 member European Union last night on the agenda and sign the new treaty to control the budget and discussions about growth and the likely appointment of Herman Van Rompuy President of the euro area as well as his re-election at the head of the European Union.
He said European Commission President Jose Manuel Barroso said the situation began to change and that the summit will address the issues of less serious than its predecessors. However, the promotion of preventive measures for the euro zone, will be addressed to him on the sidelines of the summit including the leaders of the 17 euro area have been forced to cancel a mini-summit was scheduled for today. A government official told a European «AFP» condition of anonymity said that «the Germans are not ready» to promote acceptance of the euro zone rescue fund dedicated to countries facing financial difficulties.
And want the euro area excluding Germany in the coordination of the potential bailout fund to grant temporary loans and financial stability fund and the potential for a new mechanism theory of permanent value equal to 500 billion euros. The goal is to get on the capabilities of a 750 billion euros just as demanding the United States and Group of Twenty and the International Monetary Fund. But Berlin says it wants to now identified with 500 billion euros due to lower unit of the debt crisis since the end of 2011. And wants to German Chancellor Angela Merkel thus reassure the German public and her party.
Some time
And the euro zone that is aware of these bets are ready to give Germany some time as the first contributor to the support mechanisms. But the tight timetable that the efforts of the International Monetary Fund under the decision of the promotion of preventive measures to help the euro zone. Monetary Fund and will make a decision regarding the two-fold in the coming weeks: its contribution to the second aid plan for Greece in the middle of March (March) and increase its resources to help the euro zone later in mid-April. The latter process will be through the contribution of the Group of Twenty.
And Wednesday expressed Barroso and the President of the Eurogroup expressed their confidence in getting the fund has an enhanced ability to cover up to 750 billion euros of loans.
It is assumed a special summit for the euro zone during the March on preventive measures. And the debt crisis on the agenda yesterday and today. The finance ministers met yesterday for the euro area studied to evaluate the reforms requested by the first region of Greece before any new aid and debt write-off review process.
Spain also has been involved in this summit to address the deficit in 2011, the year is greater than the original target. Madrid and will ask its partners of «greater flexibility» in the objectives of reducing the deficit and hopes «Back to the new deficit for the year 2012» according to a European source. Add to that the European summit Friday will include the official signing of the Treaty on the control of the budget that will be imposed golden rules. And increases the uncertainty advertising Althelthae for organizing a referendum on the subject in Ireland. Ireland was rejected twice in the past two treaties Oropeten (Nice in 2001 and Lisbon in 2008). The application starts immediately after the budget Treaty ratification of 12 countries 25 countries concerned, but that it will be necessary for the granting of any country in the euro zone aid. The Treaty provides for a special euro zone summits at least annually under the supervision of the current President of the European Union Van Rompuy. The European leaders also looking for plans to steer growth to give another picture of public opinion is a picture of austerity.
However, the looming conflict of views between those who are betting on a liberal income, such as Britain and those who propose acceleration of tax compliance, such as France and Germany. On the diplomatic summit could give Serbia candidate status for accession to the European Union. This seems to be agreement on the right track but still falter because of obstruction Romania.
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Friday, March 2, 2012
Brussels - AFP
Related Nodes:
Greek Prime Minister upon his arrival at the headquarters of the European Union to participate in the summit (AFP). Jpg
European leaders working to turn the page on the debt crisis at a summit in Brussels began yesterday and concludes today, with the postponement of their actions promote prevention of the crises that the world urgently requires them. He met with the Heads of State and Government in the 27 member European Union last night on the agenda and sign the new treaty to control the budget and discussions about growth and the likely appointment of Herman Van Rompuy President of the euro area as well as his re-election at the head of the European Union.
He said European Commission President Jose Manuel Barroso said the situation began to change and that the summit will address the issues of less serious than its predecessors. However, the promotion of preventive measures for the euro zone, will be addressed to him on the sidelines of the summit including the leaders of the 17 euro area have been forced to cancel a mini-summit was scheduled for today. A government official told a European «AFP» condition of anonymity said that «the Germans are not ready» to promote acceptance of the euro zone rescue fund dedicated to countries facing financial difficulties.
And want the euro area excluding Germany in the coordination of the potential bailout fund to grant temporary loans and financial stability fund and the potential for a new mechanism theory of permanent value equal to 500 billion euros. The goal is to get on the capabilities of a 750 billion euros just as demanding the United States and Group of Twenty and the International Monetary Fund. But Berlin says it wants to now identified with 500 billion euros due to lower unit of the debt crisis since the end of 2011. And wants to German Chancellor Angela Merkel thus reassure the German public and her party.
Some time
And the euro zone that is aware of these bets are ready to give Germany some time as the first contributor to the support mechanisms. But the tight timetable that the efforts of the International Monetary Fund under the decision of the promotion of preventive measures to help the euro zone. Monetary Fund and will make a decision regarding the two-fold in the coming weeks: its contribution to the second aid plan for Greece in the middle of March (March) and increase its resources to help the euro zone later in mid-April. The latter process will be through the contribution of the Group of Twenty.
And Wednesday expressed Barroso and the President of the Eurogroup expressed their confidence in getting the fund has an enhanced ability to cover up to 750 billion euros of loans.
It is assumed a special summit for the euro zone during the March on preventive measures. And the debt crisis on the agenda yesterday and today. The finance ministers met yesterday for the euro area studied to evaluate the reforms requested by the first region of Greece before any new aid and debt write-off review process.
Spain also has been involved in this summit to address the deficit in 2011, the year is greater than the original target. Madrid and will ask its partners of «greater flexibility» in the objectives of reducing the deficit and hopes «Back to the new deficit for the year 2012» according to a European source. Add to that the European summit Friday will include the official signing of the Treaty on the control of the budget that will be imposed golden rules. And increases the uncertainty advertising Althelthae for organizing a referendum on the subject in Ireland. Ireland was rejected twice in the past two treaties Oropeten (Nice in 2001 and Lisbon in 2008). The application starts immediately after the budget Treaty ratification of 12 countries 25 countries concerned, but that it will be necessary for the granting of any country in the euro zone aid. The Treaty provides for a special euro zone summits at least annually under the supervision of the current President of the European Union Van Rompuy. The European leaders also looking for plans to steer growth to give another picture of public opinion is a picture of austerity.
However, the looming conflict of views between those who are betting on a liberal income, such as Britain and those who propose acceleration of tax compliance, such as France and Germany. On the diplomatic summit could give Serbia candidate status for accession to the European Union. This seems to be agreement on the right track but still falter because of obstruction Romania.
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