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Barroso: I sought compromise at summit
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Published on 13-12-11

Commission President José Manuel Barroso has told MEPs how he tried to broker a compromise at last week's EU summit.

In his speech to the European Parliament today, President Barroso underlined progress towards stabilising the euro area economy, based on a series of Commission proposals. He hailed the decision at the EU summit on 8-9 December to create a new "fiscal compact", saying: "On substance, this agreement was ambitious, and it was unanimous. Unfortunately we were not unanimous on the form, with one Member State unable to join."

    Commission President José Manuel Barroso

    Commission President José Manuel Barroso

    He explained that he proposed a compromise based on a 27-country EU Treaty boosting euro area coordination, while enshrining protection for the single market and outlawing discrimination between euro and non-euro Member States.

    He added that the fiscal compact was indispensable but not enough to restore confidence. "Structural reforms for competitiveness and growth enhancing measures are the key."

    In his remarks closing the debate, President Barroso said: "I welcome the statement yesterday by Prime Minister Cameron that he intends to continue to pursue a positive policy of engagement in the European Union on a whole range of issues, including growth and economic reform, smart regulation, fighting climate change and the development agenda."

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    Last update: 13/12/2011  |Top