Herman Van Rompuy Rompuy was Deputy Prime Minister and Minister of Budget from September 1993 to July 1999 in the two governments led by Jean-Luc Dehaene. As budget minister, together with finance minister Philippe Maystadt, he helped drive down Belgium's debt from a peak of 135% of gross domestic product (GDP) in 1993. It fell to below 100% of GDP in 2003. He was elected to the Belgian Chamber of Representatives in the 1995 general election, but as he remained a minister, he was barred from taking the seat while holding that office. After his party's defeat in the 1999 Belgian general election,
President of the European Council Lisbon Treaty came into force on 1 December 2009 with a term stretching until 31 May 2012. His term was later extended with a second period ending on 30 November 2014. The current president, for the term 1 June 2017 until 30 November 2019, is the former Polish Prime Minister Donald Tusk. He was reelected on 9 March 2017. The first meeting of all EU (then EC) heads of state or government was held in 1961 as an informal summit, but only became formalised in 1974, when it was baptised "European Council" by the then French president Valéry Giscard d'Estaing.