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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search ADVERTISEMENT Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Spain, Portugal celebrate 25 years in European community AFP - Sunday, June 13 Send IM Story Print Spain, Portugal celebrate 25 years in European community MADRID (AFP) - – Twenty-five years after they joined what was then the European Economic Community, Spain and Portugal Saturday called for more economic coordination to pull the EU out of a crisis in which they are both deeply embroiled. "In the crucial challenge now facing the (European) monetary union ... economic coordination and joint efforts will lead to an opening of the way," said Spanish Prime Minister Jose Luis Rodriguez Zapatero. "And in this, as on previous occasions when Europe has felt dizzy faced with a new step, Spain will help the Union ... to move forward." Zapatero was speaking at a ceremony in Madrid's Royal Palace to mark the signing on June 12, 1985 of Spain and Portugal's accession to the European Economic Community, now the European Union. Both countries were then fresh from dictatorships and economically far behind their northern neighbours. But despite a massive influx of European funds, rapid modernisation and a period of economic stability, both are now seen as weak links among the 16 nations that share the euro single currency. Lisbon and Madrid have been forced to pass tough austerity measures to ease fears they could join Greece in a debt crisis. Zapatero emphasized that "only with our EU partners can we offer the best answers to the problems of our citizens and the challenges of our societies." He noted that at the start of Spain's six-month term as EU president in January "some questioned the desirability of greater and more rigorous economic policy coordination. But "now the force of events has led to joint actions of a scope unimaginable a short time ago," said Zapatero, referring to the EU's 750-billion-euro rescue package agreed last month with the International Monetary Fund (IMF) to shore up weak eurozone economies. Portugal's European Commission president Jose Manuel Barroso, Portuguese Prime Minister Jose Socrates and the president of the European Parliament, Jerzy Buzek, were among those who also addressed the gathering. All also spoke at a similar ceremony earlier in the day at Lisbon's Jeronimos Monastery, where Portugal signed the accession treaty on the same date 25 years ago. Socrates, in Lisbon, called for "a European response based on solidarity and cohesion between states and European peoples." Barroso appealed for "leadership and political courage" to face the crisis. "The resurgence of national egos and of unilateral solutions are temptations which will not resolve the structural problems," he told the Lisbon ceremony. It is important that the "member states see the European Union as the common project and focus on principles of cooperation, solidarity and responsibility." Recommend Send IM Story Print News Search Top Stories Lending constraints keep Europe central banks on alert Eurozone debt fears force France to pay higher rates Spain, Portugal celebrate 25 years in European community Search for survivors in deadly US floods resumes France plans to cut spending by 45 bln euros More Top Stories » Most Popular Most Viewed Most Recommended Euro to hit dollar parity in 2011, if still exists: analyst Britain honours actress Zeta-Jones, F1 racer Coulthard Search for survivors in deadly US floods resumes Ahmadinejad blasts US, says Israel is 'doomed' Obama has made 'big mistake' with Iran: Ahmadinejad More Most Viewed » Hubble catches planet being devoured by its star The point about pain: New study sheds light on acupuncture Clashes as Israeli forces storm Gaza aid boat: Hamas TV Egypt unearths tomb of pharaonic army chief Physicists solve mystery of missing neutrinos More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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