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EU Response to the economic and financial crisis - January 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.
| Key events – January 2012 |
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31 January 2012 | Economic Governance
Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (31/1/2012) 30 January 2012 | Economic Governance
Statement of the members of the European Council 30 January 2012 - Towards growth-friendly consolidation and job-friendly growth, 30/1/2012, English 30 January 2012 | Economic Governance
Agreed lines of communication by euro-area Member States - Brussels, 30 January 2012, 30/1/2012, English 30 January 2012 | Economic Governance
"The Treaty is all about more responsibility and better surveillance. Every country that signs it commits to bringing in a "debt brake" or "golden rule" into its own legislation, and will do so at constitutional or equivalent level. New voting rules and an automatic correction mechanism will enforce compliance more effectively...The treaty will enter into force once 12 euro countries have ratified it." 27 January 2012 | Economic Governance
27 January 2012 | Economic Governance
''First of all - even if we met even before - the first time I can express to the press that I am pleased that Belgium has a government and I congratulate the Prime Minister for having accomplished this task - we all know - was not easy.'' 26 January 2012 | Economic Governance
The President of the European Commission José Manuel Barroso met today at the Berlaymont the President of European People's Party Wilfried Martens, President of the European Socialist Party, Sergei Stanishev, the President of the European Liberal Democrat and Reform Party, and Sir Graham Watson the co-chairs of the European Green Party, Monica Frassoni and Philippe Lamberts. Mr Barroso was accompanied by Vice President Maros Sefcovic.
23 January 2012 | Economic Governance
Background information and agenda for the meeting, which will include discussions on the implementation of the stability and growth pact, the Commission's two proposals on economic governance, and the state of play in Greece. 19 January 2012 | Economic Governance
The teams’ assessment was that the programme is on track, although challenges remain and continued steadfast policy implementation will be vital 18 January 2012 | Economic Governance
"The Euro area must be strengthened, yes, but not at the expense of the wider Union. The introduction of parallel structures would embed divisions that could jeopardise the Union and also jeopardise the single market and therefore the future viability of the Euro itself."
18 January 2012 | Economic Governance
Remarks at the European Parliament plenary debate on the start of the Danish Presidency. 17 January 2012 | Economic Governance
The European Commission has today started legal action against Hungary over new legislation that came into force at the beginning of the year under Hungary's new constitution. See also: 17 January 2012 | Economic Governance
Public sector officials from the European Bank Coordination "Vienna" Initiative met in Vienna to enhance the co-ordination of national policies that could impact Europe's emerging economies 13 January 2012 | Economic Governance
Mr Rehn regretted the decision by the ratings agency, describing its decsions as inconsistent at a time when "the euro area has taken decisive action in all fronts of its crisis response...more" 11 January 2012 | Stability and Growth Pact
The report concludes that although Belgium, Cyprus, Malta and Poland have taken effective action to correct their deficits, Hungary has not. 10 January 2012 | Economic Governance
Mr Rehn stressed that stability Bonds can provide substantial benefits, even for countries with currently high credit ratings, although serious economic, legal, and technical challenges remain. 09 January 2012 | Financial assistance in EU Member States
The operation was carried out by the European Commission on behalf of the EU under the European Financial Stabilisation Mechanism (EFSM). |
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