Taoiseach In Brussels For Informal European Council

The Taoiseach Enda Kenny is in Brussels to participate in an informal meeting of the European Council.

The European Council is currently assessing the new Intergovernmental ‘Treaty on Stability, Coordination and Governance in the Economic and Monetary Union’ and the important question of growth and jobs.

The Government said it is hoping agreement will be reached on the final text of the Intergovernmental Treaty, which will be an important addition to efforts to bring stability to the Euro zone.

Leaders will also have a focussed discussion on immediate action to be taken in the specific areas of youth unemployment, the Single Market and SMEs.

The heads of state and government will share experiences on how to promote jobs and growth and how the EU can support member states' action in particular as regards youth employment and support to small and medium-sized enterprises.

In addition, leaders are expected to endorse a treaty on the European Stability Mechanism (ESM), a permanent fund to support eurozone countries in the event of major economic difficulties. The ESM is due to become operational in July 2012.

They are also expected to agree a new treaty on stability and convergence within the euro area, with the aim of signing it by the beginning of March.

Within these two treaties, the EU will further strengthen the instruments at its disposal to ensure the consolidation and development of the euro area as a whole.


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