European Council President Herman Van Rompuy reckons that the eurozone society and economy are getting over the crisis. He said that after a bout of challenges “2012 marked a turning point in the crisis in the eurozone” and “the Eurozone is no longer in "existential threat" mode”.
Mr Rompuy noted, however, that getting the economy back on track and ensuring sustainable growth requires time, so the eurozone is not completely out of the woods yet.
The contribution of Herman Van Rompuy to agreement on the 2014-2020 EU budget should not be left unmentioned. The spending ceiling was set at 959 billion euros, and the actual payments were cut to 908 billion euros. And yet, at the latest EU summit in Brussels, Mr Rompuy presented a new draft budget worth 960 billion euros, 13 billion less than what he proposed previously.
