Euro summit

From Infogalactic: the planetary knowledge core
Jump to: navigation, search

<templatestyles src="Module:Hatnote/styles.css"></templatestyles>

European Union
Flag of the European Union

This article is part of a series on the
politics and government
of the European Union

The Euro summit (also referred to as the eurozone summit or euro area summit) is the meeting of the heads of state or government of the member states of the eurozone (those EU states which have adopted the euro). It is distinct from the EU summit held regularly by the European Council, the meeting of all EU leaders.

History

The Euro summit began as an offshoot of the Euro Group, which is the meeting of the eurozone member's finance ministers.[1] French President Nicolas Sarkozy called for the Euro summit to replace the Euro Group as a "clearly identified economic government" for the eurozone, stating it was not possible for the eurozone to continue without it. The eurozone economic government would discuss issues with the European Central Bank, which would remain independent.[2] Sarkozy stated that "only heads of state and government have the necessary democratic legitimacy" for the role. This idea was based on the meeting of eurozone leaders in 2008 who met to agree a co-ordinated eurozone response to the banking crisis.[3]

They first met in the summit format in October 2008, in response to the debt crisis. Subsequent meetings took place in March 2010, May 2010, March 2011, July 2011 and October 2011.[1] In the October 2011 meeting, it was agreed to formalise the Euro summit, as at least twice yearly meeting, via a possible new treaty change. A Euro summit President, separate from the Euro Group President, would be elected at the same time as the President of the European Council and under the same rules. Until such an election takes place, the European Council President fulfils that role.[4][5]

Meetings

In October 2011, the Eurozone head of states agreed to meet at least twice per year,[6] as part of measures to improve governance of the Eurozone. Meetings were chaired by president Herman Van Rompuy from March 2010[7] to November 2014. Donald Tusk has been the Euro Summit president since December 1, 2014, and ends his term on May 31, 2017.[8] The table below lists the date and summary reports of all previous Euro Summits.

# Euro summit dates[1] Conclusions[9] Press conference
1 12 October 2008[10] Launch of a bank crisis solution
2 25 March 2010[11] Statement
3 7 May 2010[12] Statement Video
4 11 March 2011[13] Conclusions Video
5 21 July 2011[14] Statement Video
6 23–26 October 2011[15] Remarks by President,
Statement
Video: 1 and 2
7 9 December 2011[16] Statement
8 30 January 2012[17] Agreed lines of communication
9 2 March 2012[18] Statement
10 29 June 2012[19] Statement Video
11 14 March 2013[20] New procedure rules for Euro summits,
Remarks by President
Video
12 24 October 2014[21] Statement Video
13 22 June 2015[22] Extraordinary summit on Greece: Presidential Remarks Video
14 7 July 2015[23][24] Website, Eurogroup meeting, Presidential Remarks Video
15 12 July 2015[25] Website, Presidential Remarks, Statement Video

New procedure rules for Euro summits were adopted on 14 March 2013,[26] regulating the Euro Summit shall meet at least twice a year, convened by its President on preferably one of the same dates as the EU summits.[27] However, for unknown reasons, only one Euro Summit meeting per year took place in 2013 and 2014.

President

In its informal capacity, the de facto summit President has been the European Council President, meaning that Herman Van Rompuy chaired all meetings since March 2010 to December 2014. The proposals for formalisation of the summit include electing a President along the same lines (and term) as the European Council President,[28] and until then Van Rompuy continues to chair the summit. On 1 March 2012, he was formally elected as President of the Euro Summit for the term 1 June 2012 to 30 November 2014.[7] New president for the term 1 December 2014 until 31 May 2017, is the former Polish Prime Minister Donald Tusk.[8]

Members

The eurozone
Representative Picture Member State In office since
Werner Faymann Faymann.jpg  Austria 2 December 2008
Charles Michel Charles Michel UNDP 2010.jpg  Belgium 11 October 2014
Nicos Anastasiades Nicos Anastasiades at EPP HQ.jpg  Cyprus 28 February 2013
Taavi Rõivas RE Taavi Rõivas.jpg  Estonia 26 March 2014
Juha Sipilä Juha Sipilä 18-4-2015.JPG  Finland 29 May 2015
François Hollande François Hollande headshot.jpg  France 15 May 2012
Angela Merkel Angela Merkel (2008) (cropped).jpg  Germany 22 November 2005
Alexis Tsipras Alexis Tsipras 2013.jpg  Greece 26 January 2015
Enda Kenny EndaKenny.jpg  Ireland 9 March 2011
Matteo Renzi Matteo Renzi crop new.png  Italy 22 February 2014
Laimdota Straujuma Laimdota Straujuma 2014.jpg  Latvia 22 February 2014
Dalia Grybauskaitė Dalia Grybauskaitė 2010-03-11.jpg  Lithuania 12 July 2009
Xavier Bettel Xavier Bettel Royal Wedding 2012 cropped.jpg  Luxembourg 4 December 2013
Joseph Muscat Joseph Muscat.jpg  Malta 11 March 2013
Mark Rutte Rutte.jpg  Netherlands 14 October 2010
António Costa António Costa 2014 (cropped).jpg  Portugal 26 November 2015
Robert Fico Robert Fico (2008)a.jpg  Slovakia 4 April 2012
Miro Cerar Miroslav Cerar (cropped).jpg  Slovenia 18 September 2014
Mariano Rajoy Rajoy2011.jpg  Spain 21 December 2011
Donald Tusk
Non-voting chair
Donald Tusk 2013-12-19.jpg  European Union 1 December 2014
Notes

Presidents of other EU institutions, such as the President of the European Commission and the European Central Bank President also attend. Presidents of the Euro Group and of the European Parliament may be invited and the President of the Euro Summit shall present a report to the European Parliament after each of the meetings of the Euro Summit. Heads of state or government of non-eurozone signatories to the European Fiscal Compact treaty participate, at least once a year, for those policies of the treaty that apply to them. In some summits, other leaders might attend discussions, for example the British Prime Minister attending the 2008 summit.

See also

References

  1. 1.0 1.1 1.2 Lua error in package.lua at line 80: module 'strict' not found.
  2. "Sarkozy pushes eurozone 'economic government', France 24 (21 October 2008)
  3. Germany rejects idea of eurozone 'economic government': report, EU Business (21 October 2008)
  4. Possible changes in the EU Treaty, European Council
  5. EU states to speed up austerity, embrace 'limited' treaty change, EU Observer
  6. http://www.consilium.europa.eu/european-council/pdf/Treaty-on-Stability-Coordination-and-Governance-TSCG/
  7. 7.0 7.1 Lua error in package.lua at line 80: module 'strict' not found.
  8. 8.0 8.1 Lua error in package.lua at line 80: module 'strict' not found.
  9. Lua error in package.lua at line 80: module 'strict' not found.
  10. Lua error in package.lua at line 80: module 'strict' not found.
  11. Lua error in package.lua at line 80: module 'strict' not found.
  12. Lua error in package.lua at line 80: module 'strict' not found.
  13. Lua error in package.lua at line 80: module 'strict' not found.
  14. Lua error in package.lua at line 80: module 'strict' not found.
  15. Lua error in package.lua at line 80: module 'strict' not found.
  16. Lua error in package.lua at line 80: module 'strict' not found.
  17. Lua error in package.lua at line 80: module 'strict' not found.
  18. Lua error in package.lua at line 80: module 'strict' not found.
  19. Lua error in package.lua at line 80: module 'strict' not found.
  20. Lua error in package.lua at line 80: module 'strict' not found.
  21. Lua error in package.lua at line 80: module 'strict' not found.
  22. Lua error in package.lua at line 80: module 'strict' not found.
  23. Lua error in package.lua at line 80: module 'strict' not found.
  24. Lua error in package.lua at line 80: module 'strict' not found.
  25. Lua error in package.lua at line 80: module 'strict' not found.
  26. Lua error in package.lua at line 80: module 'strict' not found.
  27. Lua error in package.lua at line 80: module 'strict' not found.
  28. Lua error in package.lua at line 80: module 'strict' not found.

Lua error in package.lua at line 80: module 'strict' not found.