Page last updated at 15:46 GMT, Wednesday, 12 October 2011 16:46 UK

Barroso sets out eurozone crisis management 'roadmap'

European Commission President Jose Manuel Barroso has set out his plan to try and end the eurozone crisis.

During a debate with MEPs on 12 October 2011, he said banks must set aside more assets to help guard against future losses.

Banks supported by the eurozone bailout fund - the European Financial Stability Facility (EFSF) - should be stopped from paying dividends or bonuses, he said.

The debate took place the day after the Slovak parliament voted down approval for the EFSF, meaning it cannot give more loans to Greece unless a successful revote is held in Slovakia.

Liberal group leader Guy Verhofstadt said the Slovak vote showed that "the EFSF unanimity rule cannot work - it must be changed".

Meanwhile Mr Barroso criticised the "short term politicking" of opposition politicians in the Bratislava parliament, and said a vote in favour "would be in the interest of the Slovak people".

However Slovak MEP Jaroslav Paska said Slovakia was not against "helping a friend in need" but questioned "why the wages of our workers should bail out the mistakes made by bankers".

Mr Barroso used the debate to repeat his call for "more Europe", however Swedish centre-right MEP Gunnar Hökmark said more Europe should mean "more open Europe and more liberalisation, not more institutions".

The debate was also used to highlight priorities of the forthcoming summit of EU leaders, that will take place in Brussels on 23 October 2011, a postponement of six days to allow further negotiations over the Greek bailout.

It will be the first formal European Council summit since Poland took on the rotating presidency of the EU during the summer, and the country's European Affairs Secretary, Mikolaj Dowgielewicz said it should lead to "strong, sustainable, balanced growth".

The summit will deal with issues surrounding Europe's global competitiveness and economic growth, which has slumped in recent months.

Other issues on the agenda include setting out the EU's position ahead of the G20 summit in Cannes in November, and ahead of the Durban climate change conference in December.

The European Council is made up of all EU heads of government, President Herman Van Rompuy, Mr Barroso, with the EU High Representative for Foreign Affairs Baroness Ashton also in attendance.

At the voting session on 13 October, MEPs passed a resolution calling for greater use of the "Community method" and more EU co-ordination as a result of the summit.

Due to technical reasons beyond our control we our unable to bring the final 10 minutes of this debate.

Read Democracy Live's guide to how the plenary sessions work here.

The European Parliament's disclaimer on the use of simultaneous interpretations can be found here.


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