Statement of EU Heads of State or Government (Brussels - 26 0ctober 2011)

At today's meeting, in line with paragraph 7 of the European Council conclusions of 23 October concerning relations between the EU and the Euro area (cf. Conseil européen du 23 octobre 2011 - Conclusions), the members of the European Council were informed by President Van Rompuy about the state of preparations of the Euro Summit that will take place later in the day.
They discussed the situation and underlined their common resolve to do their utmost to overcome the crisis and to help face in a spirit of solidarity the challenges confronting the European Union and the Euro area.
They welcomed the consensus on measures to restore confidence in the banking sector reached by the Council (ECOFIN) on 22 October. On this basis, they agreed the text annexed to this statement subject to agreement on the measures indicated in this text forming part of a broader package, including the decisions to be taken by today's meeting of the Euro Summit. The Council (ECOFIN) will finalise the work and adopt the necessary follow up measures.

125621-26october2011