French finance minister Nicolas Sarkozy yesterday proposed that the finance ministers of the 12 countries that share the euro should have a permanent president for two and a half years
Published:
3 June 2004 y., Thursday
French finance minister Nicolas Sarkozy yesterday proposed that the finance ministers of the 12 countries that share the euro should have a permanent president for two and a half years, something foreseen in the draft Constitution.
Speaking after a "eurogroup" meeting in Luxembourg, which brings together these finance ministers, Mr Sarkozy said, "The European Central Bank speaks with a single voice, the European Commission speaks with a single voice but in the Eurogroup, one speaks with 12 voices", according to AFP.
He proposed that a leader of the group should be appointed for a two and a half year term as part of a wider drive to improve economic co-ordination in the euro zone.
As at all other ministerial meetings in the EU, the eurogroup is chaired by the finance minister whose country currently holds the EU Presidency. Hence the present Chairman of the eurogroup is Irish finance minister Charlie McCreevy, who has been in the Chair since January. He will be succeeded in July by Dutch finance minister Gerrit Zalm.
Other ideas to improve economic co-ordination will be discussed by the 12 ministers at their next meeting in July.
Šaltinis:
euobserver.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »