Spanish PM, EU president meet on financial crisis

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VietnamNet English - 38 month(s) ago 4 readings

Spanish PM, EU president meet on financial crisis

Spanish Prime Minister Mariano Rajoy met President of the European Council Herman Van Rompuy on Tuesday, exchanging views on combating the ongoing eurozone financial crisis.

Spanish Prime Minister Mariano Rajoy (L) talks with European Council President Van Rompuy at Moncloa Palace in Madrid, Spain, Jan. 17, 2012. European Council President Herman Van Rompuy paid an official visit to Spain Tuesday. (Xinhua/Ginnette Riquelme)

Van Rompuy visited the Spanish capital just 24 hours after French President Nicolas Sarkozy also held talks with Rajoy in Madrid.

In a joint press conference after the talks, Rajoy said deficit control was a problem all EU members had to deal with.

"Spain has no problem on this as we are working on a law to limit the deficit. We will vote in favor," he commented, looking ahead to the EU summit on January 30.

"We will also speak about the new European 'Marshall' plan which is aimed at helping countries in trouble and establish a bailout fund..it could be signed in March and Spain will give our support," he said.

Rajoy also spoke of the need for labor reform in order to boost employment both in his country and in wider Europe.

Van Rompuy, in his turn, said, "It has been a very useful meeting in which we have spoken about the most important issues of the EU ahead of the meeting of January 30. We agree that establishing confidence in the Eurozone is the first step towards economic growth."

He also said that the EU was working hard to combat the crisis and also to establish stability and confidence in the banking and financial system.

EU summit would also focus on the problem of unemployment, especially among the young, he added.

VietNamNet/Xinhuanet

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