Navigation path

EU Response to the economic and financial crisis - February 2012

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.

Previous pageNext page

Key events

Statement by President Barroso at the signature ceremony of the Treaty on Stability

05/03/2012

Mr Barroso said that "the Treaty is an important part in our global strategy to restore stability in European public finances."

 

The conclusions of the European Council (1/2 March 2012)

02/03/2012

The European Council discussed the implementation of the EU's economic strategy. This strategy pursues both continued fiscal consolidation and determined action to boost growth and jobs; sustainable growth and jobs cannot be built on deficits and excessive debt levels. The measures taken to stabilize the situation in the euro area are bearing fruit.

 

Statement Euro area Heads of State or Government

02/03/2012

They welcomed the progress made on the new Greek programme, and notably the agreement reached by the Eurogroup on the policy package and the offer made to private creditors.

 

Speech by President Herman Van Rompuy during the signing ceremony of the Treaty on Stability

02/03/2012Mr Van Rompuy said that "the Treaty contains a commitment to deepen economic coordination and it provides the tools to do so. These tools will have to be exploited in all areas essential to the proper functioning of the euro area."
 

Fiscal compact signed: Strengthened fiscal discipline and convergence in the euro area

02/03/2012

Twenty-five European leaders today signed the Treaty on Stability, Coordination and Governance aimed at strengthening fiscal discipline and introducing stricter surveillance within the euro area, in particular by establishing a "balanced budget rule".

 

Statement on Greece by the President of the Eurogroup, Jean-Claude Juncker

02/03/2012The Eurogroup welcomed the assessment of the Troika that Greece has made sufficient progress in completing the agreed prior actions 

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

02/03/2012

Statement by President Barroso at the intermediary press conference of the European Council Press conference Brussels, 1st March 2012

 
Ireland: Commission gives green light for €5.8bn payment following successful completion of fifth review of financial assistance programme

Ireland: Commission gives green light for €5.8bn payment following successful completion of fifth review of financial assistance programme

01/03/2012

The joint review by the Commission, the ECB and the IMF concluded that programme implementation by Ireland remains strong and on track, while some challenges remain.

 

Remarks by President Herman Van Rompuy following the first session of the European Council

01/03/2012

Mr Van Rompuy  mentioned that Eurozone leaders also confirm their commitment to reassess the adequacy of the overall ceiling of the EFSF/ ESM firewall by the end of the month. In addition they agreed to accelerate the payments of the pending capital for the ESM.

 

Statement by President Barroso at the final press conference of the Spring European Council

01/03/2012

"We now have a new phase in economic governance and the commitment to a growth agenda. Precisely because there is now less tension regarding some issues related to the euro it was possible to focus minds on the need for structural reform for growth."

 

Nominate an EU Commissioner to help return Greece to growth, says Juncker to European Parliament

29/02/2012

Eurogroup chief Jean-Claude Juncker told the Economic and Monetary Affairs Committee that a European Commissioner should be nominated to help return Greece to growth.

 
Statement by Vice-President Rehn on Portugal

Statement by Vice-President Rehn on Portugal

28/02/2012

Mr Rehn states that Portugal is making steady progress to restore fiscal sustainability, ensure a gradual deleveraging of the banking sector and advance structural reforms to enhance competitiveness and boost growth and jobs.

 
Statement by the EC, ECB, and IMF on the Third Review Mission to Portugal

Statement by the EC, ECB, and IMF on the Third Review Mission to Portugal

28/02/2012

Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during February 15-27 for the third quarterly review of Portugal’s economic programme.

 

Speech by President Barroso : "European Governance and the Community Method"

28/02/2012

Conference on the Community Method Brussels, 28 February 2012 

 

Speech by President Barroso: "Unity in difference, strength in convergence"

28/02/2012

José Manuel Durão Barroso President of the European Commission Speech by President Barroso: "Unity in difference, strength in convergence" Interparliamentary committee debate on the European Semester Brussels, 27 February 2012

 

Speech by President Barroso: "A stronger Europe in stormy times"

27/02/2012

José Manuel Durão Barroso President of the European Commission Speech by President Barroso: "A stronger Europe in stormy times" Matthiae Mahlzeit, Hamburger Rathaus Hamburg, 24 February 2012

 

Invitation from President Barroso to Prime Minister Papademos

27/02/2012

invitation sent from President Barroso today to Prime Minister Papademos in view of their meeting on 29 February to discuss EU funding in support of growth and employment in Greece. The letter includes a proposed agenda for the meeting."

 

Statement by President Barroso following his meeting with Mr Demetris Christofias, President of Cyprus

22/02/2012

José Manuel Durão Barroso President of the European Commission Statement by President Barroso following his meeting with Mr Demetris Christofias, President of Cyprus Press point Brussels, 22 February 2012

 

Additional tools

  • Print version 
  • Decrease text 
  • Increase text