President of the European Council the member state holding the semiannually rotating Presidency of the Council of the European Union at any given time. However, since the 2007 Treaty of Lisbon, article 15 of Treaty on European Union states that the European Council appoints a full-time president for a two-and-a-half-year term, with the possibility of renewal once. Appointments, as well as the removal of incumbents, require a double majority support in the European Council. On 19 November 2009, the European Council agreed that its first president under the Lisbon Treaty would be Herman Van Rompuy (European People's Party, Belgium). Van Rompuy took office when the
Lawrence Gonzi various projects, such as SmartCity Malta and an architectural showcase project by Renzo Piano in Valletta. Gonzi's government provided financial aid and support to local industries, allowing investment to continue unimpeded and keeping unemployment low in the country. Guarantees were also provided to public-sector companies. In his response to the crisis, Gonzi's macroeconomic focus rested on the creation of employment opportunities. His economic policies were hailed by the President of the European Council, Herman Van Rompuy and the German chancellor, Angela Merkel. Throughout his administration as prime minister, the restructuring of the Maltese economy was accelerated; Malta became an attractive