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EU Response to the economic and financial crisis - December 2011

The economic crisis has prompted intense and sustained action by the EU's national governments, the European Central Bank and the Commission. All have been working closely together to support growth and employment, ensure financial stability, and put in place a better governance system for the future.

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Key events

Statement by Vice President Olli Rehn on the approval by the Spanish Government of extraordinary fiscal measures and the fiscal slippage in Spain

Statement by Vice President Olli Rehn on the approval by the Spanish Government of extraordinary fiscal measures and the fiscal slippage in Spain

30/12/2011

Mr Rehn welcomed the package of budgetary policy measures approved by the Spanish government today and to be adopted by parliament in January

 

Speech by President Barroso at the EP debate on the review of the Polish Presidency

14/12/2011José Manuel Durão Barroso President of the European Commission Speech by President Barroso at the EP debate on the review of the Polish Presidency European Parliament plenary session Strasbourg, 14 December 2011 
 

Speech by President Barroso at the EP debate on the conclusions of the December European Council

13/12/2011

The Commission's fundamental point of departure for last week's European Council was crystal clear: The European Union needed to give a comprehensive response to the current crisis, making a firm commitment to the Euro and to the irreversibility of our currency.

 

Speech by President Barroso "A modernized partnership for a stronger and closer Union" at the Council of European Municipalities and Regions

13/12/2011

José Manuel Durão Barroso President of the European Commission A modernized partnership for a stronger and closer Union CCRE 2011-Governing in partnership Brussels, 12 December 2011

 
EU economic governance "Six Pack" enters into force

EU economic governance "Six Pack" enters into force

12/12/2011

On 13th December 2011, the reinforced Stability and Growth Pact (SGP) enters into force with a new set of rules for economic and fiscal surveillance - the so-called "Six Pack". The measures form the most comprehensive reinforcement of economic governance in the EU and the euro area since the launch of the Economic Monetary Union almost 20 years ago. Video of the press conference by EbS / Presentation from the press conference

 
Statement by President Barroso at the press conference following the European Council

Statement by President Barroso at the press conference following the European Council

09/12/2011

Mr Barroso noted that "work will now begin to rapidly flesh out the details of this new treaty. The Commission will be active to ensure swift preparation of a treaty that is fully compatible with EU law and also that preserves the role of the European institutions."

 

Remarks by President Barroso on the arrival to the EPP meeting in Marseille on the forthcoming European Council

08/12/2011

Mr Barroso said: "The Summit that we are going to start tonight in Brussels is indeed a crucial one. What I expect from all Heads of State and Government is they do not come saying what they can not do but what they will do for Europe. "

 

 

Background note on European Council

08/12/2011EU Heads of State or government will discuss economic issues, with a focus on measures aimed at
enhancing growth, strengthening economic convergence and fiscal discipline within the euro area,
including exploring the possibility of limited Treaty changes. They will do so at an informal dinner
on Thursday night, 8 December, notably on the basis of a report prepared by the President of the
European Council in close collaboration with the President of the Commission and the President of
the Eurogroup. 
Commission publishes positive Autumn 2011 report on the Economic Adjustment Programme for Ireland

Commission publishes positive Autumn 2011 report on the Economic Adjustment Programme for Ireland

07/12/2011

This paper reports on the joint fourth EU-IMF review of policy conditionality under the financial assistance programme to Ireland (updated programme documents are presented in an annex).

 
Statement of Vice President Olli Rehn on the adoption by the Italian Government of extraordinary fiscal and economic measures

Statement of Vice President Olli Rehn on the adoption by the Italian Government of extraordinary fiscal and economic measures

04/12/2011

In the statement, Vice President Rehn welcomed the adoption by the Italian Government of a far-reaching package of fiscal measures and economic reforms and  described it as a much needed signal of a new approach to economic policy-making in the country.

 

Commission welcomes the top up of co financing rates for Europe's struggling economies

01/12/2011

Today, only 4 months after Commission's proposal (IP/11/942), the European Parliament agreed to supplementary EU co-financing to countries facing particular difficulties in managing public debt/deficit and ensuring financial stability. The Commission proposal was part of the package adopted on 1 August to increase the EU co financing in cohesion, fisheries and rural development policies for countries that have received financial assistance under the balance of payments support mechanism (Romania, Latvia and Hungary) or under the European Financial Stability Facility (Greece, Ireland and Portugal). The agreement by the Council, which will complete the adoption process, is expected to take place soon.

 

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