BRUSSELS (Reuters) - European Union leaders paused from their limit after hours of talks focused on perplexing to find a resolution to a euro section debt crisis.
Following are highlights of comments and other comparison officials after their talks, that will resume after on Friday.
BRITISH PRIME MINISTER DAVID CAMERON
ON INTERGOVERNMENTAL TREATY:
"I pronounced before we came to Brussels that if we couldn't get adequate safeguards for Britain in a new European treaty, afterwards we wouldn't determine to it. What is on offer isn't in Britain's interests, so we didn't determine to it."
"Of march we wish a euro section countries to come together and to solve their problems, though we should usually concede that to occur within the European Union treaties if there are correct protections for a singular marketplace and for other pivotal British interests.
"Without those safeguards, it is improved not to have a covenant within a treaty, though to have those countries make their arrangements separately. That is what is now going to happen."
"So we will not be presenting this new treaty, when it's agreed, to a parliament. It will not engage Britain."
"I wasn't prepared to determine that treaty, to take it to my council in that way, and that is since we deserted signing this covenant today. The right thing for Britain, a tough decision, though a right one."
EU COUNCIL PRESIDENT HERMAN VAN ROMPUY
ON 'NEW FISCAL COMPACT':
"For a brief term, we concluded on evident movement to overcome a stream difficulties, and for a longer term, we concluded on a new mercantile compress for a euro zone."
"It also essential to give a middle and longer tenure perspective. We therefore concluded on a new mercantile compact. It means we all dedicate to a new European clever mercantile rule. It means member states will unseat it into their structure or equivalent.
"It means reinforcing a manners on extreme necessity procedures by creation them some-more automatic. It also means that member states would have to contention their breeze budgetary skeleton to a (European) Commission.
"This was a extended agreement on a substance. As regards a form, everybody wants to make this new joining gravely binding."
"The end is that a 17 euro section members, and 6 others, will interpretation an inter-governmental treaty. Two other countries have not nonetheless have a charge to participate."
"An inter-governmental covenant can be authorized and validated most some-more fast than a bone-fide covenant change, and we consider speed is also really critical to raise credibility."
ON REPORT TO BE PREPARED WITH EU COMMISSION PRESIDENT JOSE MANUEL BARROSO AND EUROGROUP PRESIDENT JEAN-CLAUDE JUNCKER:
"As we know, we prepared an halt report, and it was motionless tonight that with my dual colleagues, we will ready a serve news in Jun on deepening mercantile integration."
"We took on, let us call them euro holds to make myself a small bit understandable."
"We haven't got an agreement this night on this issue, though a euro area member states gave a charge again to a boss of a Commission, a boss of a Eurogroup and a boss of a European Council... to continue a work and to news on this, privately on mercantile integration, and mercantile formation means, and we mentioned it in a meeting, a problem of mutualisation of open debt, to news on this in June."
"So we will plead this emanate again, hopefully in calmer waters and in a some-more relaxed climate."
ON GIVING THE ESM A BANKING LICENCE:
"There was no agreement on that."
ON FUNDS FOR THE IMF:
"Euro area and other member states will aim to make accessible additional resources of adult to 200 billion euro to a IMF."
ON BRINGING THE PERMANENT ESM BAILOUT FUND INTO FORCE:
"The EFSF precedence will be fast deployed, and we also concluded on a acceleration of a entrance into force of a ESM rescue fund. It should enter into force in Jul 2012."
ON LOSSES FOR BONDHOLDERS:
"As regards a supposed PSI, private zone involvement, we have done a vital change to a doctrine. From now on, we will particularly belong to a IMF beliefs and practices. Or (to) put it some-more bluntly, a initial proceed to PSI, that had a really disastrous outcome on a debt markets, is now strictly over."
IMF MANAGING DIRECTOR CHRISTINE LAGARDE
"We can be really gratified during a result."
EUROPEAN COMMISSION PRESIDENT JOSE MANUEL BARROSO
ON AGREEMENT OF EURO ZONE AND OTHERS:
"We would have elite of march a unanimous agreement, in fact, in a halt news presented by President Van Rompuy, also with my grant and full agreement, we have put other proposals."
"This was not possible, since this compulsory unanimity, so we consider a usually choice that was left was to do it by this kind of intergovernmental treaty."
ON ROLE OF EUROPEAN INSTITUTIONS IN INTERGOVERNMENTAL TREATY:
"As regards a purpose of a institutions, we believe, and it's a authorised advice... that it is probable for a European institutions to take partial in this exercise."
"If we demeanour during a conclusions, what is now asked from a Commission is in fact competences like we never had before, and we are determined, of march if we can do it from a authorised indicate of view, to practice these competences in full, so that we can strengthen these new mercantile rules."
FRENCH PRESIDENT NICOLAS SARKOZY
"This is a limit that will go down in story ... We would have elite a remodel of a treaties among 27 (nations). That wasn't possible, given a position of a British friends. And so it will be by an intergovernmental covenant of 17, though open to others."
GERMAN CHANCELLOR ANGELA MERKEL
ON TREATY CHANGE:
"We have designed a covenant so that it's not only associated to a 17 euro states, though so that all who wish to take partial can do so. That will be many countries over a 17 member states. Some still have to check."
ON IMPLEMENTING THE ESM PERMANENT BAILOUT FUND:
"We will pierce brazen (the date of) a permanent ESM to benefit bigger authorised confidence and we are deliberation creation accessible means as shared loans to a IMF to get additional confidence with a assistance of other countries that are not partial of a euro.
"I trust that after prolonged negotiations this is a very, really critical result, since we have schooled from a past and from mistakes and since in destiny (there will be) contracting decisions, contracting rules, some-more change from a European Commission, some-more village and with that aloft coherence."
EUROPEAN CENTRAL BANK PRESIDENT MARIO DRAGHI
ON AGREEMENTS REACHED IN TALKS:
"It's going to be a basement for a good mercantile compress and some-more fortify in mercantile process in a euro area members.
"We came to conclusions that will have to be fleshed out some-more in a entrance days."
(Reporting by Annika Breidthardt, Charlie Dunmore, John O'Donnell, Mark John, James Mackenzie, Luke Baker and Rex Merrifield)
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