BRUSSELS, March 20 The following are comments by
European Union leaders on Friday, the last day of their two-day
summit in Brussels.
The latest in a line of international gatherings to prepare
April 2's G20 talks, the EU summit put the onus on the need for
tighter regulation to avoid a repeat of the worst financial
crisis in generations.
For comments from Thursday, click on [ID:nLI946836]
LUXEMBOURG PRIME MINISTER JEAN-CLAUDE JUNCKER
On whether European Central Bank should have bailout fund:
"No. I do think we have to implement strictly the (EU)
treaty and the treaty in article 103 is laying down the
no-bailout rule, and we have to have this in mind."
"I think the G20 meeting in London should focus on financial
regulation ... One of the reasons why we told the Americans that
we are not ready to increase stimulus packages was that we want
the meeting to look first of all on regulation. Decisions must
be taken at the meeting to strengthen the regulatory framework
for financial markets so that no part is without supervision or
"For us the de Larosiere (report on financial regulation) is
the basis for future work."
Aid for eastern Europe:
"It's a way to indicate to central and eastern European
countries that we would be ready to act if further action would
"I have had meetings both with Mrs (German Chancellor
Angela) Merkel and (German Finance) Minister (Peer) Steinbrueck,
our minister of treasury had a meeting with Minister
Steinbrueck. I have had talks these days with the French finance
minister and with the president of the republic. The president
of the republic was the first one to tell his colleagues
Saturday night that in no case should Luxembourg be on the list
as we have agreed on the OECD framework."
"We have agreed last Friday to accept the general OECD
framework as far as double taxation agreements are concerned.
That means exchange of information on demand and on request.
That is the position and we would like the European Union when
examining different proposals of the European Commission that
this will become the position of the European Union. We are not
prepared to go further."
EUROPEAN COMMISSION PRESIDENT JOSE MANUEL BARROSO
On doubling crisis fund for struggling EU states:
"As was said, we have 25 billion (euros) at the moment and
this is enough to cover countries which have already asked for
balance of payment support -- Hungary and Latvia. But recently
we've had a request from Romania, and we think the Romanian
request can also be covered by the 25 billion figure, and this
still leaves us quite a big margin."
"What we decided today is that we will double this facility
-- instead of having 25 billion, our ceiling would be 50 billion
... there haven't been any specific requests for that extra bit
-- we had already received that request from Romania, but that
request would still be dealt with under the previous ceiling."
"We wanted to show that we already, should it be necessary,
should there be any future requests, that we're ready, we'd be
able to respond to these possible cases."
"We are ready to intervene as necessary but there is no
bailout plan for any specific country of the euro zone."
CZECH PRIME MINISTER MIREK TOPOLANEK
On Eastern Partnership scheme:
"The summit on the Eastern Partnership should be in Prague.
On the matter of (Belarus President Aleksander) Lukashenko, that
would depend on the behaviour of Mr Lukashenko and the Belarus
government. But Belarus should be in the Eastern Partnership."
EUROPEAN COMMISSION'S BARROSO
On climate change:
"The European Union will take on its fair share of financing
action for developing countries ... with the spirit of helping
developing countries to match their commitments in the fight
against climate change."
On financial regulation:
"There was ... a strong endorsement of the Larosiere
recommendations as the basis for further actions."
CZECH PRIME MINISTER TOPOLANEK
"If there is a need to help countries which are particularly
hit by the crisis, then there is the possibility to help them --
75 billion (euros) is the figure for a voluntary loan to the IMF
to act better in the crisis."
"There was unanimous support for our agreed text on the