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«AgroInvest» — News — EU tells Putin not to doubt the euro

EU tells Putin not to doubt the euro

2012-06-06 14:43:55

The troubled euro was praised by European Commission President Barroso and by Council President Van Rompuy at the EU - Russia summit.

Speaking at the end of the summit, Barroso said the EU leaders had "full confidence in the future of the Euro area and of the European Union." He added that "the debate now in the European Union is not how we are going to undo the integration. The debate is about how we are going to further deepen the integration to complement our monetary union with a full economic union, including in some areas like the banking sector supervision and also in some fiscal aspects."

In case that wasn't clear enough, he emphasised, "no one should be in any doubt – there is absolute commitment in the European Union and in the Euro area to the euro and to the solidity and further integration of all our efforts."

Van Rompuy was equally forthright, "Let me be clear, there is no way back for the Euro. There is only the way ahead towards more integration." He also saw a path to progressing EU Russia relations, with "an ambitious and comprehensive bilateral New Agreement, that includes trade and investments."

The Council president also said that they supported Russia's bid to join the World Trade Organisation, "we look forward to the ratification of Russia’s WTO accession," and was also supportinve of Putin's proposed Eurasia union, saying, "The idea of the Eurasian Economic Union if based on the WTO-rules could lead to positive contribution to trade, prosperity and cooperation."

Pointing out that the EU accounted for 50% of Russian trade, the Commission presidentwas optimistic, "I am convinced that with the firm commitment of both sides we will achieve a balanced and ambitious agreement that will be both beneficial for Russia and for the European Union."

Both leaders were supportive of rewriting visa rules, Barroso said,  "We are now engaged in the implementation of the “Common Steps towards visa-free travel” that we launched in the last summit. We welcome the substantial progress made in negotiations on an upgraded EU-Russia Visa Waiver Agreement, which should be finalized soon. Positive developments in this field have clear potential benefits to our citizens and for people-to-people contacts."

Van Rompuy also raise the issue of Syria, whose regime is believed to be behind recent massacres of civilians, but Riussia is seen by many as preventing a UN resolution to provide enhanced protection to Syrian civilians. Describing the situation in Syria as "appalling" Vay Rompuy added, "The European Union and Russia might have some diverging assessments, but we fully agree that the Annan Plan as a whole provides the best opportunity to break the cycle of violence in Syria, avoiding a civil war, and in finding a peaceful lasting solution.

"We need to combine our efforts in order for this to happen, and to find common messages on which we agree. We need to work towards an immediate stop of all forms of violence in Syria, and towards process of political transition."

 

 

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