He said that this would be necessary to create “financial stability” within the EU. “The economic crisis is worse than anyone imagined and increased economic inter-dependence demands a more determined response and makes the case for stronger economic governance in the EU,” Mr Barroso said.
“Now we have the Lisbon Treaty, which provides for (economic) policy warnings. The commission intends to use these powers to the full.
“The commission will address country-specific (economic) recommendations to member states and warnings in the
case of inadequate responses.”
He said the commission would now draw up economic targets for all member states in five key areas, including
employment, poverty reduction and the number of young people attending university.
“But now things have changed. There is a much bigger awareness of the need to act together … that is recognised and accepted by all European leaders.
Gordon Brown committed Britain to the Lisbon Treaty and David Cameron is also now committed to it after giving an “iron-clad” guarantee that he would give the public a referendum on the topic.
* The Conservative Party also betrayed its supporters by voting for the re-election of Mr Barroso as European Commission president.
Mr Barroso received a standing ovation from many Conservative MEPs when the result of the vote was
announced — despite his membership of the underground Maoist MRPP (Reorganising Movement of the Proletariat
Party, later PCTP/MRPP Communist Party of the Portuguese Workers/Revolutionary Movement of the Portuguese
Proletariat).
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