Van Rompuy says EU is taking the neccessary steps

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27-09-2012 10:07

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Speaking at the United Nations General Assembly, European Council president Herman Van Rompuy said on Wednesday that the European Union is taking the necessary steps to get out of the financial crisis and beginning to see the results of the efforts that have been taken.

Van Rompuy stated that the creation of a banking union has begun, setting the path that the economic and monetary union must take over the next ten years. He insisted all major economies must do their part to return the global economy to the path of growth with structural reforms and the reduction of the macroeconomic imbalances between countries, news agency EFE reports.

"Europe will come out of this experience stronger economically and politically," he said.

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