An informal summit of representatives of the European Union in Brussels was held on May 23, 2012, during which issues related to pan-European debt obligations, as well as investment growth problems were discussed.
The summit was held in an informal atmosphere at dinner, during which EU representatives discussed the most pressing issues, including the upcoming elections in Greece. The fact is that according to a preliminary vote in Athens, the population of the city actively supported those parties that oppose the conditions presented to Greece by the European Union.
According to information published on the PIK website, EU officials expressed the desire for Greece to remain in the eurozone, but took note of previously concluded agreements. The final decision on this issue should be made at the upcoming official EU summit, which will be held in late June. The meeting will be attended by the new head of the Greek government.
According to the official website of RBC, the May summit in Brussels was also devoted to the problem of investments and the intentions of the meeting participants to increase the capital of the European Investment Bank. In addition, the meeting also discussed the introduction of the so-called "project bonds" that the EU intends to issue in order to successfully implement infrastructure projects. The past summit did not lead the participants to a single agreement, as Germany still flatly refused this proposal. However, according to experts, pressure from most eurozone representatives on German Chancellor Angela Merkel will increase.
For the first time, the current President of France, François Hollande, attended the May summit. On the eve of the election, he actively expressed his point of view on reducing budget expenditures in order to stimulate the growth of the economy in his country. At the summit, Hollande made a proposal to support countries in need of funding through the European ESM stabilization mechanism.
- Official website of the PIK channel
- RBC official website
