NEWS

Prime Minister Janša: Long- and short-term measures are needed to overcome the crisis

The Slovenian Prime Minister, Janez Janša, is to attend a regular European Council meeting, which opened today in Brussels. The meeting will focus primarily on two issues: economic policy and the Multiannual Financial Framework, with the common thread running through the discussions being the enhancement of economic growth and employment in the short and medium term.

 

In his statement to the press before the meeting, the Prime Minister said that today we need both short- and long-term measures. In his view, it is vital to "have a plan ready so that it is clear what will happen tomorrow, the day after, and next year with regard to long-term measures, and such a plan is now emerging". In this context, he added that countries also need short term measures "so that those countries that currently take out loans at too a high price will survive until the medium and long term measures deliver results". According to the Prime Minister, agreement on further integration, both in terms of fiscal policy and banking union, is expected to be reached by the end of the year and that "we strongly support a more centralised and unified regulation and supervision of the financial institutions in the European Union". In the Prime Minister's opinion, the bank crisis in numerous European countries can be partly attributed to a lack of control and regulation.