European Union

Reinfeldt Presents EU Climate Agreement

Swedish Prime Minister Fredrik Reinfeldt was visibly relieved at the press conference ending the Council of Ministers meeting in Brussels after EU leaders reached an agreement on the much discussed climate change fund. The deal followed a new proposal on Friday that would let poorer eastern members pay less into a climate change aid fund than the bloc's leading countries. Meanwhile late on Friday the Czech Republic's eurosceptic President Vaclav Klaus said he would not pose any more obstacles to ratifying the Lisbon Treaty, after EU leaders agreed to give his country an opt-out.

The President's announcement intensified the debate over the vacancy for the newly created President of the EU with former British prime minister Tony Blair a favourite.

Regarding the climate deal, the member states also supported the estimate of 100 billion Euro annually from 2020 needed for the developing countries to carry through the measures needed and that the share which falls upon the developed world will make up 22 to 55 billion Euros of that sum. At Friday's meeting the Eu promised to take on a reasonable share of that.

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