© European Union
The European Council on 23 October noted the intention of the leaders of the euro area to reflect on further strengthening of economic convergence within this area, on improving the fiscal discipline and deepening the economic union, including the possibility of limited Treaty changes.
„It will not be a general overhaul of the institutional architecture of the EU; the changes should strengthen the economic convergence,” said Herman Van Rompuy at the press conference.
The summit recalled that any Treaty change must by decided by 27 member states. The European Council will revert to this issue in December 2011 on the basis of the report by Herman Van Rompuy in close collaboration with José Manuel Barroso and Jean-Claude Juncker, President of the Eurogroup.
Herman Van Rompuy will chair the Euro Summits
The President of the Euro Summit will be designated by the Heads of State and Government of the euro area at the…
© European Union
The European Council on 23 October noted the intention of the leaders of the euro area to reflect on further strengthening of economic convergence within this area, on improving the fiscal discipline and deepening the economic union, including the possibility of limited Treaty changes.
„It will not be a general overhaul of the institutional architecture of the EU; the changes should strengthen the economic convergence,” said Herman Van Rompuy at the press conference.
The summit recalled that any Treaty change must by decided by 27 member states. The European Council will revert to this issue in December 2011 on the basis of the report by Herman Van Rompuy in close collaboration with José Manuel Barroso and Jean-Claude Juncker, President of the Eurogroup.
Herman Van Rompuy will chair the Euro Summits
The President of the Euro Summit will be designated by the Heads of State and Government of the euro area at the same time the European Council elects its President and for the same term of office (two and a half years, renewable once), decided the summit. Pending the next such election, the current President of European Council Herman Van Rompuy will chair the Euro Summit meetings.
The European Council agreed on the need for coherence of the activities of the euro area and the European Union. The President of the Euro Summit will keep 10 non euro area member states closely informed on the preparations and outcome of the summits of 17 euro area members.
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