BLBG: European Leaders Say Will `Do Whatever Required' for Euro-Area Stability
European Union leaders said they will do “whatever is required” for the stability of the euro area.
“The euro is and will remain a central part of European integration,” the leaders said in the draft text of the conclusions of a two-day summit in Brussels that ends later today. “We stand ready to do whatever is required to ensure the stability of the euro area.”
The leaders also expressed “full support” to the European Central Bank’s measures to combat the crisis, according to the document, which was obtained by Bloomberg News. “We support the ECB in its independent responsibility to ensure price stability, solidly anchor inflation expectations and thereby contribute to financial stability of the euro area. We are committed to ensuring the financial independence of the central banks of the Eurosystem,” according to the document.
To contact the reporter on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net
To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.net
