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EU’s Barroso says still no solution to debt crisis

ESTORIL, Portugal (Reuters) Europe has still not found a solution to its sovereign debt crisis that would restore investor confidence, Canada Goose sale European Commission President Jose Manuel Barroso said on Friday, advocating greater integration canada goose coats on sale as the way to move forward.

European Commission President Jose Manuel Barroso holds a news conference on new Canada Goose Outlet economic governance at the EU Commission headquarters in Brussels November 23, canada goose black friday sale 2011. REUTERS/Francois Lenoir

truth is, that so far there is no canada goose deals response to Canada Goose Coats On Sale the sovereign (debt) crisis that restores confidence to investors, Barroso told journalists on the fringes of a conference in Portugal. long as that canadian goose jacket does not happen we will have very serious problems canada goose clearance and debates in Europe.

Asked about the role of the European Central Bank, which many economists say has to 2018 canada goose outlet adopt a role of lender of last resort to resolve the buy canada goose jacket cheap crisis, Barroso said the bank had to remain canada goose store independent.

can say that in the Commission, we always respected the independence of the European Central Bank, it is essential Canada Goose online to have an independent central bank which is not subject to political pressure, he said. Federal Reserve and Bank of England have done to support their economies.

have confidence that the European Central Bank will carry out its role as it has done so far, Barroso said.

Barroso defended the Commission proposal, launched this week, on the issue of joint euro bonds as one possible solution Canada Goose Online to the crisis, which has been opposed by Germany.

On Wednesday, the Commission, the EU executive arm, proposed intrusive laws to ensure budgets of euro zone countries do not break European Union rules and that their borrowing falls, which, once in Canada Goose Jackets place, canada goose coats could lead to joint debt issuance.

German Chancellor Angela Merkel has said it was inappropriate for the European Commission to make proposals for joint bond issuance canada goose replica at this stage, but Barroso did not see Germany stance as a major problem.

position as far as I know, is that euro bonds can cheap Canada Goose be considered when there is greater integration and discipline in the euro zone, so we are not that far apart, Barroso said.

though it was the time to launch the discussion. We, canada goose outlet toronto factory in the Commission, have the duty to launch and propose ideas and afterwards, obviously, canada goose outlet store locations it is up Canada Goose Parka https://www.topparka.ca to member states to adopt them or not.

Merkel said this week that changing canada goose clearance sale the buy canada goose jacket European treaty to pave the way for closer European integration was vital to solving the debt crisis and restoring investor confidence.

Barroso said the Commission was open to the canada goose uk idea of revising European treaties to find a solution to the crisis but any changes should only be carried out in order to deepen integration.

European Commission is open to treaty revision if it is to reinforce and to give greater governance and more canada goose integration in the euro zone, and not to divide Europe, he said.

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