EU President Herman Van Rompuy Tuesday said he has not decided or excluded to hold a special summit of leaders of the 17-member Eurozone following rumors that such a summit will be held in Brussels on Friday.
“I have not decided on a summit of the eurozone but I do not exclude it,” he told the press after a meeting with Portuguese Prime Minister Passos Coelho in Lisbon earlier Tuesday.
European stock market shares continued to fall on Tuesday over fears that the Greek debt crisis could spread to Italy and Spain.
“In the difficult time we are facing, we tend to forget that the euro is a stable and sound currency with strong fundamentals compared to other currencies,” said Van Rompuy whose remarks were available.
“Most importantly, the economic recovery in the Eurozone as a whole is quite good, with forecasts of overall economic growth close to 2 percent in 2011 and 2012. This helps Portugal come back to higher growth rates too,” he asserted.