Herman Van Rompuy
Last quote by Herman Van Rompuy
Herman Van Rompuy quotes
It's future-orientated. It's realistic and it's driven by pressing concerns.
The past weeks have been productive and I am confident that around this table we can now settle on a final compromise. We simply have to.
The EU is deeply convinced that we need to create space for civil society activities in order to achieve an effective modernisation of the economy and of the society.
So in practical terms, we have invited a high representative as well as the Commission to develop proposals and report on them at the latest by september 2013.
This includes also a civilian capabilities, very important aspect, as well a more systematic cooperation among EU member states on defence capabilities.
For the SSM to be more effective, we decided tonight that when the SSM is in place, a single resolution mechanism will be required with the necessary power to ensure that any bank in participating member states can be resolved with the appropriate tools.
Mario Monti was and is a great prime minister for Italy. And his efforts in terms of fiscal consolidation and reforms in all the different sectors of the Italian economy are absolutely necessary. We have to continue these policies in any case.
We have come to Oslo to celebrate a major achievement – how Europe came from a continent of war to a continent of peace – and one moment proved crucial. Only five years after the end of World War Two, two rival countries decided to change the course of history and from enemies to become partners.
The bilateral talks yesterday and the constructive discussion within the European Council show a sufficient degree of potential convergence to make an agreement possible in the beginning of next year.
The biggest and most important condition is setting up a single, supervisory mechanism for banks and eurozone leaders have asked the council to work in a very speedy way so that we can have results by the end of the year. This is a major breakthrough, I said it this night. It is a first step also to break the vicious circle between banks and sovereigns.
The eurozone has shown considerable solidarity having already disbursed, together with the IMF (International Monetary Fund) nearly 150bn euros in support of Greece since 2010.
I'm optimistic because I know it's going to be close to 27. In fact 26 leaders indicated their interest in these efforts. They recognised the euro is a common good. Then by early March at the latest, this fiscal compact treaty will be signed. The aim is for the ESM treaty to be ratified by mid 2012.
Early March at the latest this fiscal compact treaty will be signed, it could be earlier also.
The euro area and other member states will aim to make available additional ressources of up to 200 billion euros to the IMF. The EFSF (European Financial Stability Facility) leverage will be rapidly deployed and we also agreed on the acceleration of the entry into force of the ESM (European Stability Mechanism) rescue fund. It should enter into force in July 2012.
The EU is going through a very difficult and I would add a dangerous period, no doubt about that. Since the summer, it's no longer a problem in this or that country. The trouble has become systemic.
The country needs reforms, not elections.
We also discussed measures the Italian government will soon implement to reinforce economic growth and assure the sustainability of public debt in the future. The fiscal discipline and the reforms for growth are essential for market confidence.
We improved the Greek debt sustainability, we took measures to stop the risk of contagion and finally we committed to improve the euro zone's crisis management.
It is very urgent that Eurogroup come to us with proposals on stopping the risks of contagion.
We expect the Council to conclude the accession negotiations very soon, before the end of June. We would then sign the accession treaty before the end of the year. The future accession of Croatia brings new momentum to the European vocation of the countries in the western Balkans.
The euro-area heads of state and government agree that required additional funding will be financed by both offical and private sources. They endorse the approach decided by the eurogroup on June 20th as regards the pursuit of voluntary private sector involvement in the form of informal and voluntary rollovers of existing debt.
Given the length, magnitude and the nature of the required reforms in Greece, national consensus is a prerequisite for success.
The clear objective is to support the democratic and economic aspirations of the 400 million people in this area. These developments in the Arab world are of crucial importance for all G8 partners. For Europe, moreover, it is our southern neighbourhood. We have to listen to those peoples and to offer our support.
We've agreed there needs to be a permanent mechanism to deal with crises, and that means a limited amendment to the treaty.
Once confidence is restored the differential spread of rates will narrow in line with those in Germany.
I think it's a symptom of total lack of trust, a total divide between the communities. One reads in a totally different way. One doesn't trust one another. As I've said before, Belgium is in a coma.
The situation for human rights defenders and journalists in Russia is of grave concern to the European public at large.
In the past, corrective measures were taken too late. The available instruments were not used sufficiently. That's why we need to act in a number of ways: in prevention and in correction, in the field of the budget and in that of competitiveness, in the eurozone and the European Union as a whole.
I have expressed our will to see more progress in the respect of the citizen's liberties and the human rights so that these rights are assured to all citizens.
All euro area members must conduct sound national policies in line with the agreed rules. They have a shared responsibility for the financial and economic stability in the area. In this context, we fully support the efforts of the Greek government and their commitment to do whatever is necessary, including adopting additional measures to ensure that the ambitious targets set in the stability programme for 2010 and the following years are met.
It must be a collective effort. I also want us to have a close look at a better correlation between our overall objectives and the use of the European Union instruments during the coming years. We need tighter governments and a better control of the process.
I'm preparing already the next European Council on 11 February. I took the initiative to convene this Council with the main theme: the economy. We need more economic growth, in order to finance on a sound basis our social model, to preserve our European way of life.
Many experts predict that Europe's economic growth will only be 1%, some even say 0.6%. But at that level we will not be able to maintain our welfare state systems. So we need to stimulate growth. All countries have the same problem, so this is absolutely the top priority for the coming months. A new strategy for Europe is needed to finance the welfare state.
We are living through exceptionally difficult times. The financial crisis and its dramatic impact on employment and budgets, the climate crisis which threatens our very survival. A period of anxiety, uncertainty and lack of confidence. Yet these problems can be overcome by a joint effort between our countries.
There has been much debate about the profile of the future President of the European Council's meetings but only one profile is possible, and it is one of dialogue, of unity and of action.