ECB seen aiding small-business financing: Van Rompuy

ROME Fri May 31, 2013 10:18am EDT

The Euro sculpture is partially reflected in a puddle on a cobblestone pavement in front of the headquarters of the European Central Bank (ECB) in Frankfurt January 21, 2012. REUTERS/Kai Pfaffenbach

The Euro sculpture is partially reflected in a puddle on a cobblestone pavement in front of the headquarters of the European Central Bank (ECB) in Frankfurt January 21, 2012.

Credit: Reuters/Kai Pfaffenbach

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ROME (Reuters) - The European Central Bank and the European Investment Bank will likely present a plan to improve financing to small- and medium-sized companies before the next European Union summit, European Council President Herman Van Rompuy said on Friday.

"I'm expecting a proposal before the June European Council meeting," Van Rompuy said in a press conference in Rome after meeting Italian Prime Minister Enrico Letta.

Van Rompuy was responding to a question about what the central bank could do to help growth in the euro zone.

(Reporting by Gavin Jones; writing by Steve Scherer)

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