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Van Rompuy: More financial aid if needed

06-11-2010 08:36 BJT Special Report: Europe's Debt Crisis |

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European Council President Herman Van Rompuy says European Union governments will boost their financial rescue package to save countries from the debt crisis only if the current safety net fails. He also said the priority was to work within the existing EU treaty.

He said, "I think that we all agreed that our priority is to work within the framework of the treaties. But there is no taboo, not at all, to speak about treaty changes. We said it in the first meeting, in the second meeting, I said it in the press conference. It is a question of priority. We discussed first things first within the treaties and if needed, we discuss treaty changes."

Earlier this week, EU Finance Ministers agreed to the final details of the 750-billion-euro safety net. It's designed to prevent countries like Spain and Portugal from following the path of Greece. Separately, the EU has already handed over a package of 110 billion euros for Greece. Van Rompuy says EU governments will increase that amount if it isn't enough.

Editor:Zhang Jingya |Source:

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