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The key to solving the crisis - take actions in the right order
Mr Draghi called the planned new treaty on reinforced economic union "important", but spent much of the meeting stressing that it needed to be supplemented by action, coordination and correct sequencing of the steps to be taken. "If all players act together we will have stability", he said.
Some MEPs stressed the need for real investments and growth, as well as the new treaty, to stabilise the eurozone. Others criticised the banks for not transferring the money they were borrowing cheaply to the real economy. The ECB was urged to act too, by forgoing a portion of the Greek debt it owned.
Treaty on reinforced economic union
Later in the evening, a joint meeting of the economic and monetary affairs and constitutional affairs committees was held with Roberto Gualtieri (S&D, IT), one of the MEPs sitting on the working group drafting up the treaty on a reinforced economic union. Mr Gualtieri gave an update on the open points, and said he was hopeful that changes would be made to the text in order to address some of Parliament's concerns.
Members called on the "working group MEPs" to continue pressing Parliament's key concerns, to ensure that the final text is not too one-sided in its focus on austerity, and does not lead to excessive deviation from the normal EU procedures.
Several MEPs also called for a pragmatic approach, to reach a deal that could kick into action quickly, rather than drawing out the talks.