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Sweden mulls EU summit to discuss crisis

AFP/The Local · 26 Aug 2009, 14:33

Published: 26 Aug 2009 14:33 GMT+02:00

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Sweden, which holds the rotating EU presidency, is conducting a consultation of European powers and according to Roberta Alenius, spokesperson for Swedish Prime Minister Fredrik Reinfeldt, "most of them are positive" about the idea.

"The prime minister wants a summit if it is really needed, and if it gives a common position before the Pittsburgh meeting" on September 24-25, she added.

The G20 group of the world's leading industrialized economies are to gather in the Pennsylvania city to discuss new market regulations in the light of last year's global financial meltdown.

Financing the global fight against climate change will also be discussed there, giving European nations even more reason to seek a common stance beforehand.

Two G20 meetings in November and April last year were both preceded by extraordinary talks between EU leaders.

"We haven't taken any decision yet," said Alenius by telephone from Stockholm.

"We don't want an inflation of summits," she added, a charge that was levelled against France when it held the EU helm in the last half of 2008.

A European source said a meeting of European Union heads of state and government could take place between September 8 and 20. The date of September 17, a week before the G20 meeting, has been circulating in parts of the media.

French President Nicolas Sarkozy is to visit Berlin on Monday for talks with German Chancellor Angela Merkel to prepare for the G20 summit, the German government said.

Story continues below…

On Tuesday, Sarkozy forced French bankers to accept new rules limiting bonuses paid to traders and vowed to take his campaign for greater market regulation to next month's G20 summit.

EU finance ministers will meanwhile meet in Brussels next Wednesday with the G20 summit in mind, and on September 4-5 the finance ministers of the Group of 20 nations will hold talks in London.

EU member states have already agreed among themselves to boost surveillance of the banking and insurance sectors as well as hedge funds.

AFP/The Local (news@thelocal.se)

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Your comments about this article

01:29 August 27, 2009 by lingonberrie

Why not hold the meeting at State College, PA, on the main University Park Campus of the Pennsylvania State University?

They have the seating capacity, and much experience in handling the huge fusball fan crowds that come there for their games, and the large student population would be most interested in this event, as well.

Pennsylvania at that time of year--in that and other areas throughout that State--is nearing the time of colorful leaf changes. There are several large hills in that area full of many variety of trees to which the attendees could retire to view.
15:24 August 27, 2009 by emil_sweden
''The Swedish EU presidency is considering calling an extraordinary EU summit in September to find common ground ahead of a G20 meeting about the global economic crisis in Pittsburgh.''

Is the global economic crisis in Pittsburg? It should read.....

''The Swedish EU presidency is considering calling an extraordinary EU summit in September to find common ground on the global economic crisis, ahead of a G20 meeting in Pittsburgh.''

I dont understand the reference to ''EXTRAordinary'', especially given the fact that last two G20 meeting were both also preceded by such summits (both of which also seem to be extraordinary)!
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