Some initial thoughts on the draft EU Council Statement circulated earlier today | Eurobank
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Some initial thoughts on the draft EU Council Statement circulated earlier today

The heads of state and government of the EU-17 meet in Brussels today to address the challenges threatening the stability of the euro area. The meeting started at 11.00GMT and it was still going on at the time of writing this report. In a draft statement circulated ahead of the meeting, Euro zone leaders reaffirmed their strong commitment to the euro and vowed to do whatever is needed to ensure the stability of the euro area as a whole. In what follows, we provide some initial thoughts on the main anti-crisis measures likely to be agreed at today’s EU Summit, provided that the official statement will not deviate substantially from the earlier circulated draft report.