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
Herman Van Rompuy to Van Rompuy calling an extraordinary meeting of the Eurozone heads of state or government in July to adopt a first package of further measures (notably longer term loans at lower interest rates, private sector debt-writedown, further fiscal consolidation in Greece) and again in October (in conjunction with full European Council meetings) to contain contagion from Greece to other countries (through bank recapitalisation across Europe and by leveraging the firepower of the EFSF to about €1 trillion). His first two years were also marked by his role in co-ordinating European positions on the world stage at G8 and G20 summits