ID :
153773
Fri, 12/17/2010 - 12:30
Auther :
Shortlink :
http://m.oananews.org//node/153773
The shortlink copeid
EU to set up permanent euro rescue mechanism in mid-2013
BRUSSELS, December 17 (Itar-Tass) -- The European Union plans to set
up a permanent rescue mechanism for embattled euro currency in the middle
of 2013 and EU Council President Herman Van Rompuy said on Thursday the
heads of state of the 27 EU members "stand ready to do whatever is
required to ensure the stability of the euro zone."
EU leaders agreed to change their central treaty and create a
permanent European Stability Mechanism (ESM) by June 1, 2013 to deal with
sovereign debt problems.
The permanent fund will replace a temporary 750-billion euro emergency
loan facility created by the EU and the IMF in May.
Van Rompuy said only about 4 percent of the temporary bailout fund had
been used and the question of its expansion "is not being posed today."
He also said member-states should start working next year on securing
ratification of minor changes to the central treaty to make ESM
operational from mid-2013.
"Today is a big day for Europe," European Commission President Jose
Manuel Barroso commented.
.Clinton expresses regret to Aliyev over WikiLeaks disclosures.
WASHINGTON, December 17 (Itar-Tass) -- U.S. Secretary of State Hillary
Clinton called Azerbaijan's President Ilham Aliyev to express regret over
diplomatic cables disclosed by WikiLeaks and reiterate that relations with
Azerbaijan remain strong.
"They discussed the strategically important partnership between our
two countries. She reiterated to President Aliyev that the U.S.
relationship with Azerbaijan remain strong, and she took the opportunity
to convey her regret for the WikiLeaks disclosures," Assistant Secretary
Philip J. Crowley told a regular briefing on Thursday.
Asked about response to the cables that were most embarrassing
regarding Aliyev and his family, Crowley said "I think he (the president)
simply indicated that he did not think that alleged cables would affect
our long-term relationship."
Crowley recalled that during a visit to Baku last July Clinton made it
clear "Azerbaijan remains a key partner of the United States, including
serving as a member of the ISAF coalition in Afghanistan and cooperating
with us on - closely to - on counterterrorism and other important security
issues."
up a permanent rescue mechanism for embattled euro currency in the middle
of 2013 and EU Council President Herman Van Rompuy said on Thursday the
heads of state of the 27 EU members "stand ready to do whatever is
required to ensure the stability of the euro zone."
EU leaders agreed to change their central treaty and create a
permanent European Stability Mechanism (ESM) by June 1, 2013 to deal with
sovereign debt problems.
The permanent fund will replace a temporary 750-billion euro emergency
loan facility created by the EU and the IMF in May.
Van Rompuy said only about 4 percent of the temporary bailout fund had
been used and the question of its expansion "is not being posed today."
He also said member-states should start working next year on securing
ratification of minor changes to the central treaty to make ESM
operational from mid-2013.
"Today is a big day for Europe," European Commission President Jose
Manuel Barroso commented.
.Clinton expresses regret to Aliyev over WikiLeaks disclosures.
WASHINGTON, December 17 (Itar-Tass) -- U.S. Secretary of State Hillary
Clinton called Azerbaijan's President Ilham Aliyev to express regret over
diplomatic cables disclosed by WikiLeaks and reiterate that relations with
Azerbaijan remain strong.
"They discussed the strategically important partnership between our
two countries. She reiterated to President Aliyev that the U.S.
relationship with Azerbaijan remain strong, and she took the opportunity
to convey her regret for the WikiLeaks disclosures," Assistant Secretary
Philip J. Crowley told a regular briefing on Thursday.
Asked about response to the cables that were most embarrassing
regarding Aliyev and his family, Crowley said "I think he (the president)
simply indicated that he did not think that alleged cables would affect
our long-term relationship."
Crowley recalled that during a visit to Baku last July Clinton made it
clear "Azerbaijan remains a key partner of the United States, including
serving as a member of the ISAF coalition in Afghanistan and cooperating
with us on - closely to - on counterterrorism and other important security
issues."
