THE TAOISEACH IS in Brussels this morning meeting with the president of the European Commission Jose Manuel Barroso.
The meeting is aking place ahead of a summit of the European Council and the Eurozone heads of state which will take place on Sunday, 23 October.
A spokesperson for the government says that discussions are focusing on “what needs to be done to address the economic crisis in a comprehensive, balanced and credible way, including identifying means to generate jobs and growth.”
As discussions between Enda Kenny and Barroso will focus on the current economic situation in the Eurozone, RTÉ reports that the issue of whether a treaty change is needed to prevent a repeat of the economic crisis in the region is also likely to come up.
Yesterday Barroso outlined plans that would force banks in the Eurozone to raise billions of euro in capital in order to better handle market turmoil.
Banks should not be able to pay out dividends to shareholders or bonuses to employees until they have met these new standards, Barosso said.
Shares on the stock market reacted positively to the statements from the EC president who indicated a road map to solving the debt crisis.