From right, European Commission President Jose Manuel Barroso, European Council President Herman Van Rompuy and Denmark's Prime Minister Helle Thorning-Schmidt participate in a media conference at an EU Summit in Brussels on Thursday, June 28, 2012. European leaders gathering Thursday in Brussels are set to sign off on a series of measures to boost economic growth but expectations of a breakthrough on the pooling of debt have fallen by the wayside. (AP Photo/Virginia Mayo)
From right, European Commission President Jose Manuel Barroso, European Council President Herman Van Rompuy and Denmark's Prime Minister Helle Thorning-Schmidt participate in a media conference at an EU Summit in Brussels on Thursday, June 28, 2012. European leaders gathering Thursday in Brussels are set to sign off on a series of measures to boost economic growth but expectations of a breakthrough on the pooling of debt have fallen by the wayside. (AP Photo/Virginia Mayo)
German Chancellor Angela Merkel reacts during the debate after her speech for the upcoming EU summit at the German parliament Bundestag in Berlin, Wednesday, June 27, 2012. Germany faces increasing pressure to relent on its resistance to jointly issued eurobonds and other forms of debt-pooling ahead of a European Union summit Thursday. (AP Photo/Markus Schreiber)
European Council President Herman Van Rompuy speaks during a media conference at an EU Summit in Brussels on Thursday, June 28, 2012. European leaders gathering Thursday in Brussels are set to sign off on a series of measures to boost economic growth but expectations of a breakthrough on the pooling of debt have fallen by the wayside. (AP Photo/Virginia Mayo)
BRUSSELS (AP) ? The French president says discussions on the future deepening of the Europe's economic and monetary union, as proposed by four senior EU officials, have been put off until October.
The item had been on the agenda of a summit of European Union leaders in Brussels on Thursday. Talks were tense, however. Spain and Italy declined to sign off on a proposed stimulus package unless they received assurances that action would be taken to reduce their borrowing costs.
French President Francois Hollande said early Friday, "If you were expecting a decision tonight on a federal Europe, you were misinformed." However an EU official had said the item would be discussed, with an interim report on progress due in October.
Hollande said he was disappointed with the summit's results.
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