Informal dinner of Members of the Brussels European Council: press conference by José Manuel Barroso
José Manuel Barroso, President of the EC, participated in a informal dinner of Members of the Brussels European Council. During the joint press conference which followed the President stated that an agreement to go forward for a new “fiscal compact” and strengthened economic policy coordination had been found. He explained that it was a decision of the Heads of State or Government of the euro area Member States and those that decided already to join, and added that the key was swift implementation. The President also welcomed leaders' commitment to examine swiftly the new rules proposed by the EC on 23 November 2011, namely those regarding the monitoring and assessment of draft budgetary plans, of the correction of excessive deficit in the euro area member states and also the strengthening of economic and budgetary surveillance of Member States experiencing or threatened with serious difficulties in respect to their financial stability in the euro area.
The President also answered journalists' questions.