European Council European Council elected the then-Prime Minister of Belgium Herman Van Rompuy as its first permanent president (resigning from Belgian Prime Minister). The European Council is an official institution of the EU, mentioned by the Lisbon Treaty as a body which "shall provide the Union with the necessary impetus for its development". Essentially it defines the EU's policy agenda and has thus been considered to be the motor of European integration. Beyond the need to provide "impetus", the Council has developed further roles: to "settle issues outstanding from discussions at a lower level", to lead in foreign policy — acting externally
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