EU summit 2011

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The EU summit 2011 took place in Brussels from December 8th to 9th . The President of the European Council , Herman Van Rompuy, chaired the meeting .

subjects

The central topic of the meeting was the negotiation of a binding debt limit and appropriate sanctions .

France and Germany had legally binding rules to protect the euro - currency required to the financial crisis to continue to act against. Statutory debt limits in the euro-area member states or tougher action against deficit sinners were up for debate . According to diplomats, British Prime Minister David Cameron spoke out in favor of a unanimous principle in EU decisions on financial market regulation during the negotiations .

Despite long negotiations with Great Britain , no understanding was reached. Great Britain had not given its approval to the EU treaty changes. Hungary also did not agree to the amendment to the Lisbon Treaty . Sweden and the Czech Republic would have to discuss the EU treaty changes with their parliaments, said French head of state Nicolas Sarkozy . After all, they had considered joining the fiscal union at a later date . After hours of negotiations, EU Commission President José Manuel Barroso described the situation as follows: "It was not possible to achieve unanimity."

At the end of the summit, only 23 of the 27 EU countries had committed themselves to much greater budgetary discipline and tougher controls. It was emphasized that a new contract was to be concluded by March 2012. An intergovernmental agreement between the 17 euro countries and six other EU countries could be implemented faster than a treaty change, EU Council leader Herman Van Rompuy confirmed after the failed negotiations. "Speed ​​is needed to increase credibility," said Rompuy. It was not excluded to adapt the contract again later.

Chancellor Angela Merkel and ECB President Mario Draghi praised the resolutions of the EU summit. These decisions are important steps towards stabilizing the euro zone . The Chancellor had declared: "We will create a new fiscal union that is also a stability union."

Overview of resolutions

  • Euro countries should basically balance their national budgets . In exceptional circumstances, net new debt of up to a maximum of 3% is permitted.
  • If this limit is exceeded, an "automatic correction mechanism" should be set in motion. The European Court of Justice is supposed to watch over the implementation in national law.
  • In the future, the sanctions procedure should only be stopped with a qualified majority of the EU finance ministers.
  • Countries against which a sanction procedure is in progress should submit a binding program of reforms to the Commission and the Council.

In addition to the negotiations surrounding the amendment of the EU treaty, Croatia's accession to the European Union was discussed and decided. The contract was signed in Brussels. Croatia should become a member on July 1, 2013. Serbia, on the other hand, was initially refused candidate status.

Individual evidence

  1. ↑ a b c d e f British prevent major euro bailout plan. EU summit in Brussels. spiegel.de, December 9, 2011, accessed on August 1, 2018 .
  2. ↑ What we really owe Europe. Euro crisis. faz.net, December 13, 2011, accessed August 1, 2018 .
  3. ↑ a b Save and split to save the euro. Results of the EU summit. sueddeutsche.de, December 9, 2011, accessed on August 1, 2018 .
  4. ↑ Cameron's No divides Great Britain. Euro resolutions. zeit.de, December 9, 2011, accessed on August 1, 2018 .
  5. ↑ Croatia signs membership treaty. European Union. faz.net, December 9, 2011, accessed August 1, 2018 .