The eurozone would achieve financial stability through fiscal discipline and finish fiscal compact talk by end-January, said President of European Council Herman Van Rompuy on Monday.

At a press conference after meeting with Italian Prime Minister Mario Monti, Van Rompuy pledged to bring European Stability Mechanism (ESM) into force by July 2012 and make assessment of size of European Financial Stability Facility (EFSF)/ESM.

Besides, the European Union (EU) would also work with international partners to increase the source of IMF, he said.

He also stressed the needs to re-focus on growth and job creation. "Growth-friendly consolidation and job-friendly growth are what we need!" he said.

"We must urgently put in place an anti-recession strategy, mobilizing means and efforts at the Union level and - most importantly - at Member States level," he said.

He praised European Central Bank's long-term lending measures as essential for avoiding credit crunch in eurozone economies, but stressed needs to mobilize "all EU financial resources" to deal with the problems.

Van Rompuy also called for efforts to stimulate demands through restoring confidence in the eurozone.

"Recent exchange rate developments for the euro will help our competitive position. We need to push our trade and investment opportunities with our strategic partners," he said.

He will travel to Beijing and New Delhi to promote trade and investment opportunities.