Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

29 November 2010

European Council President Van Rompuy will submit a text on limited Treaty changes reflecting the agreed European Stability Mechanism


Default: Change to:


Van Rompuy stressed that in view of markets' developments, it was important to clarify rapidly the role of the private sector in the mechanism. The framework will be fully in line with the IMF approach.


The president of the European Council welcomes the statement of the Eurogroup on the European Stability Mechanism.
 
This agreement builds on intensive bilateral discussions with Member States in the last week and on a close cooperation with the Commission, in the framework of the mandate given by the European Council to his president.
 
This decision, together with the implementation of the measures proposed by the Task Force on economic governance and endorsed by the European Council a month ago, will strengthen the economic governance and the cohesion of the Euro area.
Herman Van Rompuy will submit in December a text on a limited Treaty change which will reflect today's decision by the Eurogroup.
 
The President of the European Council also welcomes the agreement reached by the Eurogroup and the Ecofin on the Irish program and its financing. He is confident that the ambitious measures announced by the Irish government will stabilise the economic and financial situation of the country.




© European Council


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment