petak, 21.05.2010.
Brussels
The meeting in Brussels comes after the debt crisis in Greece has sparked turmoil in the financial markets, causing the value of the euro fall sharply in recent weeks.
With additional concerns about the level of debt in Spain, Portugal and other countries, the fear has been that the crisis could harm the wider European economy.
Mr Van Rompuy said member states had agreed four main objectives:
greater budgetary discipline
find ways to reduce the divergences in competitiveness between member states
establish an effective economic crisis management mechanism
strengthen economic governance to be able to act quicker and in a more coordinated and efficient manner to deal with any future economic crises.
spararnold
EU finance ministers have agreed to work towards a collective agreement to tackle any future economic crises across the 27 member states.
Herman Van Rompuy, president of the European Council, said all 27 ministers recognised the need for coordinated action.
Speaking after a meeting in Brussels, he said they all wanted to be able to react quicker and more efficiently.
Countries have also agreed on the need for sanctions to uphold economic rules.
Mr Van Rompuy gave no further details on the form sanctions might take, but the taskforce discussed proposals that countries that break deficit rules could lose EU money or voting rights.
