EU summit concludes

CNC
Added On June 29, 2014

The European Summit concluded on Friday in Brussels, setting economic priorities on for next five years.
 
EU leaders also decide to nominate Jean-Claude Juncker as next European Commission president at summit.
 
On the second day of the EU summit, the European Council set five target areas for the development of Europe.
 
SOUNDBITE(ENGLISH): HERMAN VAN ROMPUY, European Council President
"In our strategic agenda we set out 5 overall priorities: Stronger economies with more jobs, societies enabled to empower and protect all citizens, a secured energy and climate future, a trusted area of fundamental freedoms and an effective joined action in the world. On all these points we indicate action to be taken. However, the main purposes was not to go into details, but to set the direction for the legislative work in the next 5 years to achieve what people expect Europe to do."
 
The summit also endorses the Country Specific Recommendations, which are designed to guide member states in their structural reforms, employment and fiscal policies and national budgets.
 
The recommendations conclude the 2014 "European Semester", the EU's calendar for economic policy coordination.
 
SOUNDBITE(ENGLISH): JOSE MANUEL BARROSO, European Commission President 
"I'm therefore pleased that the European Council concluded successfully the so-called European semester. Our European economic governance, a partnership between European institutions and national governments, that precisely are a new expression of joint commitment to adopt together the economic issues. The European council has generally endorsed the country specific recommendations put forward by the European Commission."
 
The European Council also recalls the importance of deeper economic policy coordination for the Economic and Monetary Union.
 
The end of this summit concludes the half-year of Greek presidency of the Council of the EU.
 
At the summit, EU leaders nominated Jean-Claude Juncker for the presidency of the bloc's executive branch, despite opposition from Britain.
 
With the move, the EU leaders broke a decades-old tradition of choosing the European Commission president by consensus.
 
Van Rompuy announces the decision at the press conference.
 
SOUNDBITE(ENGLISH): HERMAN VAN ROMPUY, European Council President
"Officially I can announce you the European Council has just adopted a decision to propose Mr Jean-Claude Juncker to the European parliament as Commission President. We did so after a formal vote by qualified majority. Apart from the UK and Hungary, all other countries voted in favour."
 
Barroso also voices his support for Juncker's nomination. 
 
SOUNDBITE(ENGLISH): JOSE MANUEL BARROSO, European Commission President 
"Let me begin by expressing on my own behalf and on behalf of the European Commission my congratulations to Jean-Claude Juncker on his nomination by the European Council as President-designate. I have known Jean-Claude Juncker for more than 20 years. We have been working in very many capacities together and I really believe that he is committed European and a political leader with exceptional experience. Myself and the Commission will do everything possible in the coming months to assure a smooth transition between this Commission and the next one."
 
Juncker, a former prime minister of Luxembourg, played a crucial role in shaping the euro currency.
 
He's expected to be confirmed by the European Parliament in mid-July.
 
After being formally elected, the 59-year-old will replace Barroso, whose five-year term in office ends in late October.