Remarks By President Of The European Council Herman Van Rompuy At The European Parliament

As regards the Private Sector Involvement, the major change to our doctrine that wedecided on 21 July will now be translated into the ESM Treaty. Or to put it more bluntly:our first approach to PSI, which had a very negative impact on the debt markets, is nowofficially over. From now on we will strictly adhere to the IMF principles and practices.

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