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  • 18/12/2015
  • 14:45
  • Statements and remarks
  • 953/15
  • Economy & finance
  • Energy
  • Home Affairs
  • Justice

This morning, we had a serious political discussion about completing the Economic and Monetary Union. The European Central Bank President Mario Draghi also joined us and has stressed the need for progress. We have one clear message from our debate: there is no time for complacency in reforming the eurozone. We stand ready to take difficult decisions on banking union and economic governance in the coming year. Our ministers will work rapidly and report to us next June.

We congratulated President Hollande on the historic success of COP21 in Paris and assessed progress on building the Energy Union. We discussed the conditions that need to be met by major energy infrastructure projects. What we have agreed is that any new infrastructure should be fully in line with Energy Union objectives, such as reduction of energy dependency and diversification of suppliers, sources and routes. Not to mention the obvious obligation that all projects have to comply with all EU laws, including the third Energy Package. This is a clear condition for receiving support from the EU institutions or any Member State - be it political, legal or financial.

I cannot finish without a word of appreciation for Prime Minister Bettel and his team. Xavier, I think I can speak for all leaders when I say that the Luxembourg Presidency was outstanding with very hard work done on the migration crisis, Passanger Name Record and data protection. It was an extremely efficient presidency. Thank you, Xavier, and most sincere congratulations.