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Reply #18: europe: Rajoy and Zapatero back EU Treaty change to save euro [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 06:55 AM
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18. europe: Rajoy and Zapatero back EU Treaty change to save euro
http://www.elpais.com/articulo/english/Rajoy/and/Zapate...

Spanish Prime Jos Luis Rodrguez Zapatero and his successor Mariano Rajoy said Tuesday they support a French-German initiative to change the European Union Treaty aimed at rescuing the euro.

he package of measures agreed Monday by German Chancellor Angela Merkel and French President Nicolas Sarkozy, which include automatic sanctions for countries breaching rules on public debt and deficits, will be put to an EU summit due on December 9 in Brussels.

"We are in favor of the reform of the treaties that will in all likelihood be proposed in the meeting next Friday," Rajoy told reporters on the occasion of the celebration of the 33rd anniversary of the signing of the Spanish Constitution that marked the country's return to democracy.

Rodrguez Zapatero said the reforms proposed by Merkel and Sarkozy were an "important move," adding he hoped they would help calm the markets. "I hope this serves to make the markets react positively and we can move on to a period of greater calm that is decisive for the economic recovery," the outgoing premier said.

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