11 MAR 2011
Eurozone leaders have reached an agreement in principle on a pact to co-ordinate economic policies, EU President Herman Van Rompuy has said.
Other elements of the package were still under discussion, he added.
Eurozone leaders are in Brussels to try to find a way out of the debt crisis that has dogged the region for more than a year.
Earlier, Greek Prime Minister George Papandreou had called for Europe to take "strong decisions".
In a message on Twitter, Mr Van Rompuy had initially said: "We have an agreement on the Pact for Euro."
The message was later amended to: "Update from ongoing meeting: Agreement in principle on the Pact for the Euro, but still discussing the other elements of the package."
A pact would give members a say over each other's major economic policies - a move aimed at keeping countries under firm fiscal discipline.
Any agreement would need to be endorsed at a summit of all 27 EU states on 24-25 March.
Read entire article
EU in pact on pay, tax and pensions to safeguard euro