Van Rompuy: Euro contagion measures 'urgently needed'

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Uploaded by on Jul 12, 2011

Leaders of the 17 countries that use the euro as their currency have 'not excluded' to organize a special debt summit, EU Council President Herman van Rompuy said on Tuesday. Some diplomats have suggested a summit might take place as early as Friday in Brussels.

A date for such a summit has yet been picked, nor has a decision on holding such a meeting been made.

"There is a very stronger commitment at the highest level to do whatever is necessary to safeguard the financial stability of the euro area," said Van Rompuy at a press conference in Madrid following his meeting with Spanish Prime Minister Jose Luis Zapatero.

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