Sarkozy Zurechtweisungen European Commission on interest rates and trade

The European Commission adopted a sharp response Friday to President Nicolas Sarkozy in France on his recent statements on interest rates and trade policy and underlines the European economic policy ahead divisions of the group-8 summit.

Nicolas Sarkozy has warned Britain and the Nordic countries, the embrace of a liberal tradition, the economic philosophy of free market by integrating his country’s six-month EU presidency with a call for better protection for European voters on the consequences of globalization. Monday, it adopted the issue of inflation games mandate of the European Central Bank, ECB, or, say, that the causes of inflation has significantly changed from 20 to 30 years and a large increase in the level of interest rates would have no influence on prices barrels of oil.

Nevertheless, the Central Bank for the 15-nation euro zone has raised interest rates Thursday to seven years, a high of 4.25 percent. And before leaving the G-8 meeting of leaders of the industry up in Japan Nations, the European Commission President Jose Manuel Barroso said the Bank, based in Frankfurt the decision.

“When it comes to inflation,” said José Manuel Barroso: “I have more confidence in the position of central bankers as politicians. Central bankers are not a movement of political pressure in the short term. ” The commentary has appeared a direct reference to Sarkozy.

“Let’s some confidence in the ECB,” said Barroso. “We respect the independence of the ECB. That is the position of the European Commission.

Speech to journalists in Brussels, José Manuel Barroso rejected the argument of Nicolas Sarkozy, an increase in interest rates was the wrong way to solve the rise in retail prices. “Inflation is a threat which threatens the global economy,” said Barroso. “I think it is important that we try, we show fight against inflation.”

Nicolas Sarkozy has also accused the commission of naivety, because it has offered concessions in global trade talks on agriculture, before taking a mutual benefits in the form of greater access to European markets for products industrial and services in developing economies. The french president attack on EU Trade Commissioner Peter Mandelson, was a delicate moment before the G-8 meetings, to discuss world trade. The attack also decisive negotiations on the Doha Round of trade negotiations in Geneva later in July.

Mr. Barroso stressed the importance for the global economy and, therefore, to Europe to reach an agreement on the Doha Development Round.

“Our interests are better protected, in a vast and ambitious, balanced and, if possible an urgent agreement on Doha,” he said. “We are 27 countries. We do not like the USA - a country.

“And it is no secret to anyone that all Member States of the European Union does not have exactly the same priorities in the negotiations.”

Mr. Barroso also asked the USA to more specific objectives of climate change. “At the summit, we expect that the USA, more ambition has shown that so far,” he said. “It is a great nation of the economy and therefore the signal is d “vital importance”.

He added that the USA vis-à-vis the global warming has been amended. “When I first discussed the issue with President Bush,” Barroso said: “The atmosphere was very different from the atmosphere today. We expect this trend will continue and be strengthened, following the hotel. ”

On the G-8 meeting last year in Heiligendamm, Germany, have agreed to “seriously consider half of global emissions by the year 2050.” Mr. Barroso said that the goal would mean a reduction of 60 to 80 per cent for the wealthiest nations share the burden with less developed countries.
The Poland will not block the contract

The Polish President Lech Kaczynski said his country would not block the ratification of a treaty on the EU, said the president french office Friday, Reuters reported from Paris.

Kaczynski said earlier this week, it would be “useless” for signing the Treaty of Lisbon, after their rejection by Irish voters in a referendum on June 12, Warsaw and would not ratify the treaty, unless, in Ireland managed to overcome their voters’ refused.

But Nicolas Sarkozy said office after a telephone conversation between the two leaders that “the Polish president reaffirmed that Poland would not be an obstacle to the ratification of the Treaty.”

The contract, which can be effective only with the support of all 27 member states, the EU wants better management and an effective foreign policy.

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