EU summit on financial security starts today

The European Council convenes today to discuss economic policy and financial stability, among other things, with Prime Minister Iveta Radicova leading the Slovak delegation.

A lot of focus will be given to creating some kind of fixed mechanism to ensure financial stability in the eurozone in the light of recent troubles and disputes over what repercussions the bailouts could produce.

They will also turn their attention to modifying the Lisbon Treaty as part of this objective.  The aim is to find an alternative to the European Financial Stability Facility (EFSF), which will run out next year. Finance minister Ivan Miklos will travel with the PM to the meeting

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