EU informal summit delayed due to snow

19:14, February 11, 2010      

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The informal summit of the European Union (EU), which was scheduled to start in Thursday morning, was put off to noon due to snow in Brussels on Wednesday.

Gemany Chancellor Angela Merkel and Greek Prime Minister Georgios Papandreou have arrived at the building of the European Council. But the summit is scheduled to be held in a nearby old library, Bibliotheque Solvay.

An European Council official said that some heads of state and government are conducting bilateral talks on the crisis of Greece's budget deficit.

There is widespread speculation that a rescue plan may be announced for Greece, whose budget deficit is estimated to reach 12.7 percent of its gross domestic product (GDP) in 2009, far above the accepted ceiling of 3 percent of the EU.

An EU source said on Wednesday that the leaders will issue a statement concerning the Greek crisis, but refused to disclose whether there will be any bailout plan for the country.

This is the first summit convened by the EU's first full-time President Herman Van Rompuy.

According to an invitation letter from Van Rompuy, the summit is to focus on drawing an economic blueprint for the 27-member bloc for the next ten years.

However, the crisis concerning Greece's budget deficit has overshadowed the discussion on the long term economic blueprint for 2020.

Source: Xinhua
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