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European Informal Council and Eurozone Summit, Brussels, 26/10/2011

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On 26 October 2011, the European leaders gathered in Brussels for a summit, designed to end Greece's debt crisis and prevent it from spreading to the eurozone. They agreed that the Member States of the Euro zone will contribute to the Private Sector Involvement package up to 30 billion euro. The nominal discount will be 50% on notional Greek debt held by private investors. They also agreed on the optimisation of the resources of the European Financial Stability Facility (EFSF). The options agreed will allow the EFSF resources to be leveraged. A comprehensive set of measures to raise confidence in the banking sector has also been found by facilitating access to term-funding through a coordinated approach at EU.
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Type: Best-of   Reference: I-071315   Date: 26/10/2011   Duration: 19:39   Personalities: Angela Merkel, Borut Pahor, Boyko Borissov, Christine Lagarde, Dalia Grybauskaitė, David Cameron [Prime Minister], Demetris Christofias, Donald Tusk, Enda Kenny, Fredrik Reinfeldt, George Papandreou, Helle Thorning-Schmidt, Herman van Rompuy, Iveta Radičová, Jean-Claude Juncker, José Luis Rodríguez Zapatero, José Manuel Barroso, Jyrki Katainen, Lawrence Gonzi, Mark Rutte, Nicolas Sarkozy, Pedro Passos Coelho, Petr Nečas, Silvio Berlusconi, Traian Băsescu, Valdis Dombrovskis, Viktor Orbán, Werner Faymann, Yves Leterme   Location: Brussels - Council/Justus Lipsius  
Languages: ORIGINAL,

Tags: European Council - Brussels 2011/10
© European Union, 2017   /   Source: EC - Audiovisual Service
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