Presidents Basescu, van Rompuy discuss contribution to European Stability Mechanism

Romania's President Traian Basescu and President of the European Council Herman van Rompuy discussed on Thursday in Bucharest the financing of the European Stability Mechanism, with Basescu asking van Rompuy to break down the computation of the contribution of each member states that will not put Romania in difficulty.

"I will tell you a few words about our support for the amendment of the Lisbon Treaty to establish the European Stability Mechanism. In our conversation I insisted on an aspect related to the contribution of each member state of the European Union to the financing of the Stability Mechanism. We have only one problem here about which I warned Mr. President van Rompuy: the distribution of the contributions as accepted by most of the member states would put Romania at a disadvantage. That is why I asked for a way of computing the contribution that will not put Romania in difficulty," President Basescu told a joint news conference with European Council President van Rompuy at the end of official talks.

He also said that a careful analysis was made of the Competitiveness Pact. "We made a careful analysis of the Competitiveness Pact and we are glad that Mr. Van Rompuy will submit in the days ahead a revised proposal about adding some elements to what the task force he leads presented to us at the last December European summit. It is about the proposals regarding the policy of the unitary cost of labour and competitiveness and the policy concerning the sustainability of public finances. And there were also proposals related to stimulating competition," said Basescu.

Van Rompuy welcomed "the vigorous implementation" by Romania of the joint IMF/EU programme, saying he is delighted that Romania "has turned the corner economically."

"I welcome the vigorous implementation of the joint IMF/EU programme by Romania. The efforts your country has undertaken have helped to stabilise the situation and I am delighted that Romania has turned the corner economically - the IMF is expecting growth of 1,5 percent GDP in 2011 rising to 4,5 percent GDP- in 2012. Romania has made major achievements. It has stabilised the economy, consolidated its public finances and preserved financial system stability in the midst of a global financial crisis," van Rompuy told the joint news conference with President Basescu at the end of the official talks. He also said Romania strengthened the macroeconomic framework.

"It has also strengthened the macroeconomic framework. The Fiscal responsibility law, the unified wage law and the pension reforms will be crucial to keep the public finances on a sustainable path and bringing fiscal deficit within 3 percent of GDP by 2012. We know that these efforts are not always popular but they are necessary for future prosperity," said van Rompuy.

He added that they discussed the last European Council decisions on energy.

"We started our discussion with the follow up to the last European Council decisions on energy, which are ambitious and will contribute to securing our energy supply in the future. We need to make sure that we will deliver on our targets. I should like to thank President Basescu who personally invested a lot in the discussions on this matter," said van Rompuy.

The president of the European Council added that Basescu informed him about the substantial work completed for meeting the technical conditions for the application of the Schengen acquis, adding that he is impressed by the results.

"I am fully aware that the benefit of joining the Schengen area is of utmost importance for Romanian citizens The President informed me about the substantial work completed for meeting the technical conditions for the application of the Schengen acquis. I'm impressed by the results. The matter will be considered again very soon in the Council. The Hungarian Prime Minister, Viktor Orban, has told me of his determination to give a high priority to the accession of Romania and Bulgaria, once all requirements have been fulfilled."

Van Rompuy also said on the Roma file, it is a high priority to integrate the largest European minority, and that this requires an integrated approach: education, health care, housing and last but not least employment.

"It is in all our interests that we succeed in this," van Rompuy underscored.

Source: Romanian National News Agency AGERPRES


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