EU's Juncker says countries should get incentives to reform, warns on U.S. trade pact

STRASBOURG France Tue Jul 15, 2014 5:15am EDT

Jean-Claude Juncker, the designated president of the European Commission, attends a meeting with the European Conservatives and Reformists (ECR) Group in the European Parliament to outline his policy program at the EU Parliament in Brussels July 8, 2014.   REUTERS/Francois Lenoir

Jean-Claude Juncker, the designated president of the European Commission, attends a meeting with the European Conservatives and Reformists (ECR) Group in the European Parliament to outline his policy program at the EU Parliament in Brussels July 8, 2014.

Credit: Reuters/Francois Lenoir

STRASBOURG France (Reuters) - Euro zone countries should get financial incentives if they make ambitious economic reforms, the designated candidate to become the president of the European Commission said on Tuesday.

Speaking to lawmakers in the European Parliament who will later vote on his candidacy, Jean-Claude Juncker also advocated the creation of a budget for the 18 countries in the euro zone.

"If the member states of the economic and monetary union make a particularly great effort, then we have to reflect on financial incentives which could then accompany that process of great effort," Juncker said.

"In that context, we would have to reflect on the setting in place of our own budgetary capacity for the euro zone."

Juncker also advocated more transparency in talks between the United States and the European Union to establish a trade pact. "If we don't publish the related documents ... this treaty will fail," he said. "It will fail in the eyes of public opinion."

(Reporting By John O'Donnell; editing by Robin Emmott)

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Comments (1)
Eleni85 wrote:
The first inventive would be to stop awarding corrupted bankers and politicians, especially in Greece, and start bringing them to justice.

Why would they ever stop their activities if no one opposes them?

A Juncker person, appears to be unwilling and unable to be ethical and to promote justice.

Jul 16, 2014 7:18am EDT  --  Report as abuse
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