Spain's incoming PM Rajoy backs modifying EU treaties

8th December 2011, Comments 0 comments

Incoming Spanish prime minister Mariano Rajoy said ahead of a key European Union summit on Thursday that he was in favour of modifying treaties if necessary to save the euro.

"We need more budget discipline and to establish supplementary controls to avoid a repetition of the (eurozone debt) crisis," he told a meeting of conservative leaders in Marseille.

"If for this we need to modify treaties -- modify them!"

He called for the implementation "without delay of all possible means and recourses to contain the hemorrhage of sovereign debt" and urged a "collective answer" from Europe to the debt crisis.

Rajoy -- whose conservative Popular Party (PP) crushed the ruling Socialists in an election last month promising widespread austerity measures to plug the public deficit -- is due to take office on December 22.

At the summit opening later on Thursday, EU leaders will begin what is widely described as the last chance effort to save the eurozone from its debt crisis. They will examine a Franco-German plan to amend EU treaties to impose tough budget discipline and streamline decision-making.

© 2011 AFP

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