On Wednesday, October 26, Prime Minister Valdis Dombrovskis will participate in the European Council meeting in Brussels. The Heads of State and Government of the European Union (EU) will decide on the stabilization of the situation in the Eurozone. This will be a continuation of the discussion of the European Council members as of October 23.
As the Prime Minister announced in his video comment on the European Council meeting as of October 23, the European Council discussed the financial situation of the Eurozone, incl., two important issues: stability of the banking sector and bank recapitalization, the financial crisis in Greece and other countries of the Eurozone as well as measures to be taken to prevent spread of this crisis.
President of the European Council Herman Van Rompuy in his announcement after the Euro Summit in Brussels on 23 October stated, “We are determined to take all necessary measures and actions needed to ensure the stability of the euro area. Since two years, we have taken steps to overcome the crisis but the immediate economic challenges are so serious that we must do more.”
Video comment by Prime Minister V.Dombrovskis on the European Council meeting held on October 23: http://www.youtube.com/watch?v=lCOJVQwRb0w
The Prime Minister will return to Latvia on Thursday, October 27.
About the European Council:
The European Council was established in 1974 with the intention of establishing an informal forum of discussion between the Heads of State and Government. The European Council acquired official status in 1992 by the Treaty of Maastricht. Since then the European Council has been setting general political guidelines and priorities in all areas of activity of the EU. The European Council consists of the Heads of State or Government of the Member States, together with its President and the President of the Commission. It meets twice every six months and the meeting are convened by the President of the European Council.
Press Secretary to the Prime Minister
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Information prepared by:
Consultant of the Communication Department
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