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EU Welcomes G20 Support for Further European Integration

European Council President Herman Van Rompuy and European Commission President José Manuel Barroso welcomed the strong resolve shown by G20 leaders to promote growth and jobs and their commitment to fully and speedily implement financial reform and build a more responsible and solid international financial sector.

In their joint statement following the G20 Summit in Los Cabos, President Van Rompuy and President Barroso also noted that G20 leaders recognized the value of the European project and the Euro.

“They welcomed the measures taken in Europe to stabilize our economies and our financial system and expressed support for our intention to move ahead with deeper economic and fiscal integration.

This is an encouragement for the EU. A common currency needs more common policy. Our monetary Union needs to be completed by a more integrated economic union. Our partners have recognized that a strong, deeply integrated European Union is decisive for systemic global stability.

This recognition mirrors the momentum which is now building in Europe. The EU is determined to show the irreversibility of the euro and of the European project.”