Published October 23, 2011
IRISH PRIME MINISTER ENDA KENNY
"The world is watching the European leadership. I hope that we can have progress today toward a set of comprehensive and clear decisions and a joined up thinking process.
"The prevention of contagion and the construction of firewalls is of critical importance."
BRITISH PRIME MINISTER DAVID CAMERON
"The crisis in the euro zone is affecting all our economies, Britain included. It's having a chilling effect. We have to deal with this issue."
SWEDISH PRIME MINISTER FREDRIK REINFELDT
"We need a solution, of course. I'm not sure we'll have it today. I hear we might have a new meeting in the middle of next week. We need a solution how to control the situation in Greece."
ON BANK RECAPITALISATION:
"We need a solution to understand that this will in fact have an impact on the banking systems in Europe. When we control that, when we recapitalize the banks, we need to take a clear standpoint that the losses should not be covered by taxpayers, but by the owners and that we control managements inside these financial institutions."
ON COUNTRIES CUTTING THEIR DEBTS:
"We also need again to ask for more measures to put countries on the right track when it comes to clearing their huge deficits and public finances and huge national debts.
"Look at Ireland -- they have now started a process where they are meeting the situation they had and they are getting positive market signals back once they have started to reform. That's the Swedish experience. That's the way we have to do this."
GERMAN CHANCELLOR ANGELA MERKEL ON TREATY CHANGE:
"We want more Europe, stronger rights to intervene. Treaty changes for that should not be a taboo."
ON CHANGES TO THE EFSF (EUROPEAN FINANCIAL STABILITY FACILITY):
"Today, we are preparing for decisions on Wednesday. This concerns technical details of complicated process such as how the EFSF works, for example.
"Therefore, we must consider all details.
"One should not expect decisions from the euro (leaders')group today but rather on Wednesday. I want to emphasize that so as to make clear what to expect."
GREEK PRIME MINISTER GEORGE PAPANDREOU
"Greece has proven again and again that we are making the necessary decisions to make our economy sustainable and make our economy more just. We are a proud people. We are a proud nation and we demand that respect of what we're doing.
"And we are doing what we need from our side, the responsibility that we are taking on, with great pain, to make Greece a different country.
"It's been proven now that the crisis is not a Greek crisis. The crisis is a European crisis. So now is the time that we as Europeans need to act decisively and effectively."
BELGIAN PRIME MINISTER YVES LETERME ON SITUATION IN BELGIUM:
"We are in a very different situation from Italy (on our debt to GDP ratio). I am sure that before 2014 we will get it below 90 percent (of GDP).
"Belgium is a country with strong growth."
ON SUNDAY'S DISCUSSIONS ON THE EUROPEAN CRISIS:
"It is essential that by tomorrow morning, when markets open, we have made enough progress so that the credibility of the euro is not in danger."
(Reporting by Julien Toyer, Ilona Wissenbach, John O'Donnell, David Brunnstrom, Robin Emmott, Barbara Lewis, Matt Falloon)