© European Union, 2011
At their summit on 3 and 4 November in Cannes, France, the leaders of twenty major advanced and emerging economies welcomed the eurozone’s comprehensive plan to ensure financial stability, calling for its rapid implementation.
„At the EU and eurozone level, we are committed to an accelerated implementation of the decisions taken by the Eurozone summit at the end of October, which have been welcomed by the G20 leaders,” said European Council President Herman Van Rompuy, who, together with European Commission President José Manuel Barroso, represented the European Union.
The G20 summit hailed „the euro area’s determination to bring its full resources and entire institutional capacity to bear in restoring confidence and financial stability, and in ensuring the proper functioning of money and financial markets”.
The participants committed themselves to coordinating their actions and policies to address the…
© European Union, 2011
At their summit on 3 and 4 November in Cannes, France, the leaders of twenty major advanced and emerging economies welcomed the eurozone’s comprehensive plan to ensure financial stability, calling for its rapid implementation.
„At the EU and eurozone level, we are committed to an accelerated implementation of the decisions taken by the Eurozone summit at the end of October, which have been welcomed by the G20 leaders,” said European Council President Herman Van Rompuy, who, together with European Commission President José Manuel Barroso, represented the European Union.
The G20 summit hailed „the euro area’s determination to bring its full resources and entire institutional capacity to bear in restoring confidence and financial stability, and in ensuring the proper functioning of money and financial markets”.
The participants committed themselves to coordinating their actions and policies to address the immediate challenges faced by the global economy. They agreed on an Action plan for Growth and Jobs, in which each of them would play its part.
„The G20 is also ready to provide additional resources to the International Monetary Fund and to mobilise them in a timely manner if necessary,” said President Van Rompuy. „The finance ministers will have to define specific options before their next meeting.”
More information:
Cannes summit final declaration
Statement of President Van Rompuy after the summit (pdf) (in French)
The EU at the G20 (European Council webpage)
The EU at the G20 (Commission webpage)
