EU-US Summit:The Official Statements

Here are the official statements following Saturday’s top meeting in Lisbon between the leaders of the European Union and the US leaders president Barack Obama and secretary of state Hillary Clinton. In addition to president Obama, president of the EU Council Herman Van Rompuy and EU president Jose Manuel Barosso made their “preliminary remarks”.

“As regards the EU’s own economic situation, I underline here, as I did earlier to President Obama, that the fundamentals of our economy are sound.”

Herman Van Rompuy

Obama, Barosso and Van Rompuy – perhaps the three most influential people in the world right now. The president of the EU council started the press briefing by stating the “fundamentals” of the European economy is “sound”. Well, here are the reassuring remarks by the world leaders. However, note that the statements are all labeled “preliminary”.

First: the so.called “preliminary remarks” by Herman Van Rompuy, President of the European Council following the EU-US Summit 2010 in Lisbon, Saturday afternoon.

Besides from the uplifting statement about the fundamentals of the European economy, Mr. Van Rompuy informed about the following issue:

Cyber security – as also stated earlier at the NATO summit – is a threat with an immense impact. EU-US cooperation in this field can contribute to protect ourselves against it. I am therefore happy to announce that the EU and the US will enhance their cooperation, by creating a EU-US Working Group on Cyber security. The Working Group will report progress within a year.”
“Furthermore, speedy compromise on a comprehensive EU-US data protection agreement will significantly facilitate all negotiations between the EU and US on Passenger Name Records, cyber security, fight against terrorism and transnational organised crime.”

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Here’s a transcript of Mr. Van Rompuy’s speech.


Then, the “preliminary remarks” by José Manuel Barroso, President of the European Commission following the EU-US Summit:

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And last, but not least,  Barack Obama, President of the United States. Here’s Mr. Obama’s “preliminary remarks”:

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(Source: The Council of The European Union)

Just gotta love the expression “preliminary remarks” – what it really means is that if what they’re saying turns out to be wrong, they can retract the statements as they’re only preliminary. On the other hand; if they get it right, they can hold up the transcripts and say: “See, I told you so!”

I think it’s even better than the recent change in banking terminology – from “too-big-to-fail” to “systemically important”.

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