The meeting in Brussels comes after the debt crisis in Greece has sparked turmoil in the financial markets, causing the value of the euro fall sharply in recent weeks.
With additional concerns about the level of debt in Spain, Portugal and other countries, the fear has been that the crisis could harm the wider European economy.
Mr Van Rompuy said member states had agreed four main objectives:
greater budgetary discipline
find ways to reduce the divergences in competitiveness between member states
establish an effective economic crisis management mechanism
strengthen economic governance to be able to act quicker and in a more coordinated and efficient manner to deal with any future economic crises.
Post je objavljen 21.05.2010. u 20:51 sati.