European leaders in their first-day meeting in Brussels yesterday agreed to put a permanent mechanism for combating potential debt crisis starting from 2013.

Germany proposed to offer financial aid if it is very necessary where bondholders would participate in some costs of future bailouts, while it refused expanding the 750 billion euros lifeline introduced in May.

On the other hand, the ECB mentioned yesterday that it will increase capital by 10.7 billion euros starting from December 29.