EUROZONE SUMMIT 23.10.11 HERMAN VAN ROMPUY JOSE MANUEL BARROSO

EU states are obliged to join once they meet the criteria to do so. No state has left and there are no provisions to do so or to be expelled.

Monetary policy of the zone is the responsibility of the European Central Bank (ECB) which is governed by a president and a board of the heads of national central banks. The principal task of the ECB is to keep inflation under control. Though there is no common representation, governance or fiscal policy for the currency union, some co-operation does take place through the Euro Group, which makes political decisions regarding the eurozone and the euro. The Euro Group is composed of the finance ministers of eurozone states, however in emergencies, national leaders also form the Euro Group.

Since the late-2000s financial crisis, the eurozone has established and used provisions for granting emergency loans to member states in return for the enactment of economic reforms. The eurozone has also enacted some limited fiscal integration, for example in peer review of each other's national budgets. The issue is highly political and in a state of flux as of 2011 in terms of what further provisions will be agreed for eurozone reform.

On occasion the eurozone is taken to include non-EU members who use the euro as their official currency. Some of these countries, like San Marino, have concluded formal agreements with the EU to use the currency and mint their own coins.[9] Others, like Montenegro, have adopted the euro unilaterally. However, these countries do not formally form part of the eurozone and do not have representation in the ECB or the Euro Group.

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[WarzSchoolchild]

01:38 "..acceleration of sexual reforms!..." THAT'S GOT MY VOTE!...LET'S HEAR MORE!;?D)

[News107]

This is the day Washington has to destroy all their own dangerous nuclear weapons first. Washington also has to immediately destroy all nuclear weapons of Israel.

[News107]

USA and their allies get out of Iraq, Afghanistan, Pakistan,

Qatar and all arab countries immediately. Stop the war.

[News107]

USA and England and their allies are responsible for the war in Irak and Afghanistan where more than 2 million people were killed. Those responsible have to be brought to justice before the court of human rights in The Hage for their war crimes and they should have to pay a fine of TRILLIONS of Dollars to the Iraki government for the damage they did in this war.

[News107]

Why did the UN not help the people in palestine for 63 years. Ban Ki Mon and his crew in the UN are obliged to help the palestinian land because palestine is a member of the UN. Free the Palestine Land. UN G20 G8 !!!!

[News107]

We know Assads history is murder. Assads father killed more than 25.000 innocent people in one day with military war planes (F16). His son Assad inherrited his crimes and he is killing innocent people just like his criminal father.

GO OUT NO WAR. ITS OVER. PROSCECUTE Assad NOW .

[News107]

Prosecute Bashar Al-Assad and his regime immediately.

They killed more than 5000  innocent demonstrators.

Syrian Diktator you and your regime MURDER.