Barroso urges eurozone to act on reforms / Paris and Berlin show support for Greece

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Series Details 15.9.11
Publication Date 15/09/2011
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Report of developments in the eurozone debt crisis on the 14 September 2011.

This include a speech by José Manuel Barroso, President of the European Commission to the European Parliament in which he called on eurozone members to implement their promised measures to protect the euro.

Mr Barroso called for the swift ratification by all 17 eurozone governments of an expansion of the capacity and powers of the €440bn rescue fund, as well as a final agreement on new rules to force greater budget discipline. Mr Barroso promised to come forward soon with a set of options to create a new euro bond.

Separately, France and Germany offered their full support for Greece remaining in the eurozone in a conference call between the leades of the three countries, but made an emphatic appeal to Athens to implement promised economic reforms as a way of stabilising the bloc.

Related Links
EurActiv, 15.9.11: EU faces risk of credit crunch http://www.euractiv.com/euro-finance/eu-faces-risk-credit-crunch-news-507651
EurActiv, 14.9.11: Barroso vows to present 'options' on euro bonds soon http://www.euractiv.com/euro-finance/barroso-vows-present-options-euro-bonds-soon-news-507637
BBC News, 14.9.11: Greece 'integral' to the eurozone, say European leaders http://www.bbc.co.uk/news/business-14924089
Deutsche Welle, 14.9.11: EU Commission bucks German opposition and backs 'eurobonds' http://www.dw-world.de/dw/article/0,,15387972,00.html
European Commission: RAPID: SPEECH/11/572: José Manuel Durão Barroso President of the European Commission Speech by President Barroso to the European Parliament during the debate on the economic crises and the euro European Parliament plenary session Strasbourg, 14 September 2011 http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/11/572&format=PDF&aged=0&language=EN&guiLanguage=en
EUObserver, 15.9.11: Merkel, Sarkozy: ‘Future of Greece is in euro’ http://euobserver.com/19/113630
Spiegel Online International, 22.9.11: The Weakness Behind Sarkozy's European Vision http://www.spiegel.de/international/europe/0,1518,787369,00.html

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