On May 23, 2012, an informal summit of representatives of the European Union took place in Brussels, during which issues related to pan-European debt obligations, as well as the problems of investment growth were discussed.
The summit was held in an informal atmosphere over a dinner, during which EU representatives discussed the most pressing issues, including the upcoming elections in Greece. The fact is that, according to the preliminary vote in Athens, the city's population actively supported those parties that oppose the conditions imposed on Greece by the European Union.
According to information published on the website of the PIK TV channel, the EU representatives expressed a desire for Greece to remain in the eurozone, but at the same time took into account the previously concluded agreements. The final decision on this issue should be taken at the upcoming official EU summit, which will be held at the end of June. The meeting will be attended by the new head of the Greek government.
According to the official website of RBC, the May summit in Brussels was also devoted to the problem of investments and the intentions of the meeting participants to increase the capital of the European Investment Bank. In addition, the meeting also discussed the implementation of the so-called "project bonds", which the European Union intends to issue in order to successfully implement infrastructure projects. The past summit did not lead the participants to a unified agreement, since Germany still flatly refused this proposal. However, according to experts, the pressure from the majority of representatives of the eurozone on the German Chancellor Angela Merkel will grow.
For the first time, the incumbent President of France François Hollande attended the May summit. On the eve of the elections, he actively expressed his point of view regarding budget cuts in order to stimulate economic growth in his country. At the summit, Hollande made a proposal to support countries in need of funding through the European Stabilization Mechanism ESM.
