Arab Today, arab today eu leaders douse hopes of radical overhaul
Last Updated : GMT 06:22:54
Arab Today, arab today
Arab Today, arab today

EU leaders douse hopes of radical overhaul

Arab Today, arab today

Arab Today, arab today EU leaders douse hopes of radical overhaul

Brussels - AFP

Europe\'s leaders wound up another crisis-hit year at their last 2012 summit Friday, trumpeting deals to save Greece and monitor banks but kicking ambitious proposals for further EU integration into a vague future. The era of a divided crisis-hit European Union \"is over\", said French President Francois Hollande on joining his 26 counterparts for a second and final day of talks. \"Good work was completed throughout 2012 that enables us to be confident for 2013,\" he added.But at another exhausting session into the early hours -- the seventh summit this year -- leaders dampened hopes of a swift deal to radically overhaul the eurozone, leaving plans for the future in the long grass of 2014 and beyond.  With European parliamentary elections and a new European Commission to be set up in 2014, \"it\'ll be at that moment that a new stage can be broached, including a possible revision of the treaties\", Hollande said. Despite worries over political uncertainty in Italy, flagship plans to fix fundamental flaws criticised since the introduction of the single currency were put to one side until late 2014 at the earliest. \"No doors were closed,\" said Jose Manuel Barroso, the head of the executive European Commission.Yet ideas heavily promoted by EU President Herman Van Rompuy over the last six months, including a central eurozone budget, seemed to fizzle out. Van Rompuy said he would present another report to leaders in June 2013, as well as proposing that national governments sign up to contracts with the EU on reforms.  \"All the hard work is beginning to pay off. A lot has been achieved over the course of a year,\" he insisted. \"This work is not over: the dynamic will carry on in the coming year.\" The resumption of loans to Greece followed a successful plan to wipe tens of billions of euros from the country\'s debt pile. A first payment of 34.3 billion euros ($44.7 billion) will be flowing to Athens \"as early as next week\", said outgoing Eurogroup chair and Luxembourg Prime Minister Jean-Claude Juncker.The accord prompted Greek Prime Minister Antonis Samaras to declare that \"Grexit\", the idea that Greece would be forced out of the 17-nation bloc, was \"dead\". \"Greece is back on its feet,\" declared an ecstatic Samaras, who has pushed through painful economic reforms demanded by international creditors, sometimes in the face of violent street protests.  Meanwhile, the deal for the eurozone\'s largest banks to come under the aegis of the European Central Bank from March 2014 was hailed by its head Mario Draghi as \"an important step towards a stable economic and monetary union, and towards further European integration\". Despite a noticeably more positive tone at the summit, fears over Italy lurked in the background after Prime Minister Mario Monti, credited with important reforms there, said he was stepping down soon.Former leader Silvio Berlusconi had hinted that he might stand for a fourth time but appeared to backtrack, telling Belgian television that he had \"so much to do\" outside politics. Hollande downplayed the chance Berlusconi would run in a future election, saying: \"I don\'t think there is a very serious likelihood\" of this.\" German Chancellor Angela Merkel highlighted the closing of ranks at the summit. \"I made clear that the government of Mario Monti has done a great deal of helpful work for the confidence that Italy is now enjoying again,\" she said. At the second day of talks, leaders were to discuss moves towards a common security and defence policy as well as to discuss the Syria crisis.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu leaders douse hopes of radical overhaul Arab Today, arab today eu leaders douse hopes of radical overhaul

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today eu leaders douse hopes of radical overhaul Arab Today, arab today eu leaders douse hopes of radical overhaul

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday