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Read more with google mobile : EU nears consensus on climate, economy packages
Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: EU nears consensus on climate, economy packages AFP - Friday, December 12 BRUSSELS (AFP) - - European Union leaders closed in Friday on agreements for a 200 billion euro plan to combat the recession and a climate change package on the second and final day of a crunch summit in Brussels. Under the plan, member countries would pump on average the equivalent of 1.5 percent of gross domestic product (GDP) into their economies in order to temper the impact of a global recession. "In these exceptional circumstances, Europe will act in a united, strong, rapid and decisive manner to avoid a recessionary spiral and sustain economic activity and employment," a draft of the summit conclusions said. "It will mobilise all the instruments available to it and act in a concerted manner to maximise the effect of the measures taken by the Union and by each member state," it added. On the first day of the gathering, clouded in the build-up by divisions over the response to the economic crisis and climate change, good news came as Ireland agreed in principle to ask citizens to vote a second time on the stalled Lisbon Treaty. After several hours of negotiations overnight, leaders indicated that a deal on fighting global warming and the rescue package could also be sealed before the meeting ends on Friday. "When it is unified, Europe sees ideas progress and can impose its values," said President Nicolas Sarkozy, chairing the last summit of France's EU presidency. On the eve of the meeting, Germany's Finance Minister Peer Steinbrueck had blasted the idea of "tossing around billions" of euros. But German Chancellor Angela Merkel quickly scotched any idea that Berlin would turn its back on the 200-billion-euro (260-billion-dollar) economic stimulus package put forward by the European Commission last month. Germany was "aware of its responsibility as a large economy," Merkel said on her arrival. "For us, it's all about saving jobs in Germany." Italian Prime Minister Silvio Berlusconi told reporters that broad agreement had emerged about the need for the fiscal stimulus package. "We are all in agreement," he said after dinner with his peers. Officials attending the talks said Sarkozy spent much of the day trying to head off opposition to the climate deal from countries worried about its impact on the economy and jobs with a growing number of EU countries now in recession. "We will work on the text tomorrow," Swedish Prime Minister Fredrik Reinfeldt as he left the venue. "I think that it is very important to say that no one is diluting the objectives as such." Berlusconi, one of the fiercest opponents of the previous proposals, eventually withdrew his veto threat. "We are heading for a compromise," he said. "Italy is on the way to getting all it wants." The EU's climate-energy package, the "20-20-20" deal, seeks to decrease greenhouse gas emissions by 20 percent by 2020, make 20 percent energy savings and bring renewable energy sources up to 20 percent of total energy use. Diplomats and officials had earlier said Sarkozy had made a series of compromises designed to buy off opposition by countries including Italy, Poland and Hungary. Sarkozy himself would only say that there had been "progress". Ireland's willingness to stage a new referendum on the Lisbon Treaty by next October was greeted with relief. According to a draft statement, likely to be adopted here, Ireland would try to hold a new referendum by October 2009 on the controversial treaty in exchange for guarantees on key issues including an assurance that it does not lose its EU commissioner. "I would be hopeful that we would have agreement tomorrow," Irish Foreign Minister Micheal Martin told reporters. Irish voters rejected the treaty, designed to streamline EU decision-making and institutions, in June. Meanwhile, Belgian anti-terror police said they had arrested 14 suspected Al-Qaeda followers in a series of raids mainly focused on Brussels. One of those arrested was suspected of planning a sucide attack. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Climate Change EU leaders inching toward climate change dealAP - 2 hours 30 minutes ago EU nears consensus on climate, economy packagesAFP - Friday, December 12 'Consensus emerging' on climate deal at EU summitAFP - Friday, December 12 Mexico announces carbon cap at climate talksAP - Friday, December 12 Related Full Coverage climate change climate change All Full Coverage Most Popular – Top Stories Viewed Bid to rescue ailing US automakers collapses Autism, other disorders linked to post-natal factors: study US Senate fails to reach deal on auto bailout Shares suffer after US auto bailout collapse Muslim pilgrims stone Satan at the hajj View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular
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Friday, 12 December 2008 - EU nears consensus on climate, economy packages