Van Rompuy wants to stay at EU helm

BRUSSELS - European Council President Herman van Rompuy will seek another term to help shape sound economic governance and revive the European economy, which is now losing momentum.

Van Rompuy, whose first two-and-a-half-year term will expire in May 2012, expressed his intention during his ongoing tour of France, Finland, Germany and the United Kingdom, during which he is coordinating with European politicians on how to deal with the worsening debt crisis.

According to a report on Tuesday in the Irish Independent newspaper, Van Rompuy announced he is willing to take on the "unfinished" eurozone debt crisis with new powers setting up an "economic government" in Brussels.