Members of the European Commission and European Union finance ministers voiced their support for Hungary's EU presidency economic program at a meeting in Brussels.
Hungarian National Economy Minister György Matolcsy presented the program which introduces a “semester” in the interest of closer economic cooperation, strengthens economic government, reinforces financial services and regulations, and creates a permanent stabilization mechanism for the eurozone.
Economic and Monetary Affairs Commissioner Olli Rehn said Hungary had taken over the rotating EU presidency at a difficult time, adding that Ecofin had intensive work ahead of it in the coming months. Giving a broad and effective answer to the problem of sovereign debt will be a challenge for the EU in the first half of the year, he said. (MTI – Econews)