by Calculated Risk on 7/21/2011 03:03:00 PM

UPDATE2: STATEMENT BY THE HEADS OF STATE OR GOVERNMENT OF THE EURO AREA
AND EU INSTITUTIONS

Update: Herman Van Rompuy said "Private sector involvement is for Greece and Greece only" (paraphrase). The lower interest rates are for Greece, Portugal and Ireland.

From Herman Van Rompuy, President of the European Council "Statement by the heads of state or government of the Euro area & EU institutions is approved. More details at the press conference."

Just a few resources ...
• The Guardian is providing live updates.

• The Telegraph is also providing live updates.

• There will be European Council press conference later today. The time is still uncertain. Here is the video feed Meeting of Heads of State or Government of the Euro area - press conference (time TBD).

• European Commission - Audiovisual services

• The press release should be available here.

• Any statement from the ECB will probably be here.