Vice President Olli Rehn European Commission

Adoption of new economic governance package -  23 November 2011

Joint press conference by José Manuel Barroso, President of the EC, and Olli Rehn, Vice-President of the EC, on the adoption of new economic governance package -  23 November 2011

"The current situation requires extraordinary and decisive policy action.

To restore growth and safeguard the European integration project action is needed on broad front.

- Annual Growth Survey spells out our view of the policy priorities in the coming 12 months to restore macro-financial stability and rekindle growth
<>- Two proposals for new regulations will strengthen fiscal surveillance in the euro area.
<>- The feasibility study on stability bonds examine the potential benefits for financial stability of jointly issues bonds and the precondition for their issuance. "


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