Brief van Poolse premier Tusk aan EU-leiders over maatregelen herstel vertrouwen eurozone (en)

‘One of the key actions to be taken in order to increase confidence in financial markets, will be an efficient and quick approval by all Eurozone i countries of changes made in the European Financial Stability Facility i,’ wrote Prime Minister Donald Tusk i in a special letter, sent on Thursday to the Heads of State and Government of the European Union and the Presidents of the European Council and the European Commission.

The head of the Polish Government, currently presiding over the Council of the European Union, appealed to European politicians to act in a unified and determined manner.

‘The last days and weeks have shown that the situation on financial markets could cause unrest and turbulence in the entire world economy. Investors expect decisive action by governments and central banks,’ reminded Prime Minister Tusk, declaring at the same time full confidence in the common European currency. ‘The stability of the Eurozone is the foundation of European integration and it is in the vital interest of all EU i Member States. Therefore, I put my full trust in the common European currency.’

The changes in the European Financial Stability Facility (EFSF) agreed in July, whose ratification the Polish Prime Minister has called for, are aimed at making this instrument more flexible, allowing to intervene on secondary market, grant loans to governments in order to strengthen their financial institutions as well as undertake preventive measures. At the same time is has been decided to lower the interest rates of loans. Eurozone countries also committed themselves to carry out consolidation of public finances in order to reduce the budget deficit and public debt.

In his letter to European leaders, Prime Minister Tusk announced the implementation of one of the objectives of the Polish Presidency i of the EU Council: to build a lasting foundation for faster economic growth, also through strengthening the integration of the Single Market. ‘That will help to better cope with the effects of the current financial crisis,’ Mr Tusk declared.

Konrad Niklewicz, Spokesman of the Polish Presidency of the Council of the European Union