Bloomberg News

EU’s Barroso Says Confident of Successful Outcome at EU Summit

October 25, 2011

Oct. 25 (Bloomberg) -- European Commission President Jose Barroso said “important progress” has been made on the region’s response to the debt crisis and foresees a “successful outcome” at tomorrow’s summit in Brussels.

“I’m confident that the intense work now under way will lead to a successful outcome at tomorrow evening’s summit, an outcome that allows us to move forward beyond this crisis, to restore confidence in Europe’s determination to act,” Barroso told reporters today in Brussels after meeting with Romanian President Traian Basescu.

“Romania is one of the countries that would benefit from the commission proposal to ‘top up’ payments to the countries under adjustment programs by increasing EU co-financing with 10 percent,” Barroso said. He also reiterated support for the country joining the Schengen area.

“We consider that Romania has met all the necessary requirements, so to have Romania in Schengen is a matter of fairness,” Barroso said.

--Editor:

To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net


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