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Dec. 12 (Bloomberg) -- The European Union summit last week in Brussels marked an “important step” in fighting the sovereign-debt crisis, EU President Herman Van Rompuy said on Belgian radio.
“We again took an important step toward greater stability of the euro zone,” Van Rompuy said today in an interview with VRT-Radio 1. “The biggest and most important measure that we can take to stimulate growth is to get back to financial stability in the euro zone.”
European leaders at an all-night summit Dec. 8-9 agreed to a “fiscal compact” and more disciplined economic policy to prevent future debt crises.
“Without budget derailments, without the sleeping pill that the euro became during the last 10 years,” the debt crisis could have been avoided, Van Rompuy said. “Without that, we wouldn’t have a crisis in the euro zone.”
--Editor: Jones Hayden
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