President of the Republic of Lithuania

Political consensus reached how to deal with EU debt crisis

2011-12-09

Friday, December 9, Brussels - The heads of state or government of EU Member States in the capital of Belgium early Friday morning agreed on more stringent financial discipline and saving measures needed to overcome the debt crisis in the eurozone.

President Dalia Grybauskaitė underlined that a joint agreement on more stringent financial discipline reached this morning showed the EU's united political will to assume responsibility for the future of Europe's economy as well as determination to deal promptly with the issues of the eurozone debt crisis. According to the President, this is a very significant step forward we have long waited for.

"I am delighted that an absolute majority of the EU Member States understand the complicated situation in which Europe's economy is today and have made a very important step forward to enhance the fiscal and economic discipline and responsible financial behavior," the President said.

During further discussions it was proposed to apply this agreement to seventeen eurozone countries which can be joined by the remaining EU Member States determined to adhere to responsible economic and fiscal policies. According to the President, this is a proof that Europe is uniting and will cooperate more closely in economic policy coordination matters.

Dalia Grybauskaitė said that Baltic and Nordic countries, distinguished by responsible financial governance, upheld the European Council decisions as inevitable in order to prevent further deepening of the EU debt crisis.

Press Service of the President

Last updated 2011.12.09 11:50

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