An interconnected EU
Wednesday, October 19th, 2011At today’s meeting with the College of Commissioners, there was a long discussion on the economic situation, ahead of this weekend’s Summit. It is a very difficult time in Europe and therefore important that EU leaders present a comprehensive programme that can pull the EU out of the crisis. The discussion in the meeting on Sunday will focus on Greece, on the mandate of the European Rescue Fund, on the recapitalisation of banks, and some institutional issues. The Commission’s action plan, presented last week, will be the basis for discussion. But we, of course, need to go further. The meeting will begin with all EU Member States, and then continue with only the 17 Member States in the Eurozone. As these States grow closer, we are seeing this split more and more. Exclusion of the 10 EU Member States outside the Eurozone, including Sweden, is increasingly evident. Some want to institutionalise this division through amendments to the Treaty, which would be extremely unfortunate.
Based on the current situation, it is encouraging that the Commission today proposed an investment package of 50 billion Euro in order to better link EU transport, energy and broadband networks. These grants will specifically be used for construction of roads, railways, energy, oil and gas pipelines and broadband networks. These are investments that promote growth, as well as the internal market, that make it easier for people to travel around Europe and that contribute to increased trade.
Yesterday evening the EU cancelled a meeting between Barroso and the President of Ukraine. The Ukraine must show that it has a legal system that meets European standards in terms rule of law and independence of judiciary. Unfortunately this is not the case today.
