{"id":4405,"date":"2020-03-16T13:13:01","date_gmt":"2020-03-16T13:13:01","guid":{"rendered":"https:\/\/www.sportsnewsforyou.com\/?p=4405"},"modified":"2020-03-16T13:13:01","modified_gmt":"2020-03-16T13:13:01","slug":"national-leaders-emphasise-growth","status":"publish","type":"post","link":"https:\/\/googmn.com\/?p=4405","title":{"rendered":"National leaders emphasise growth"},"content":{"rendered":"<figure class=\"art\"><\/figure>\n<header>\n<h1>National leaders emphasise growth<\/h1>\n<p class=\"subhead\">Summit agrees on need to complete single market, but differences persist between EU\u2019s largest economies.<\/p>\n<\/header>\n<footer class=\"meta\">\n<p class=\"byline\">European Voice<\/p>\n<\/footer>\n<footer class=\"meta\">\n<p>\n\t\t\tBy\t\t\t<span class=\"byline\"><br \/>\n\t\t\t\t<span class=\"vcard\">Simon Taylor<\/span>\t\t\t<\/span>\n\t\t<\/p>\n<p class=\"timestamp\"><time datetime=\"2012-03-02T07:37:34+00:00\">3\/2\/12, 7:37 AM CET<\/time><\/p>\n<p class=\"updated\">Updated <time datetime=\"2014-04-12T22:52:41+00:00\">4\/12\/14, 10:52 PM CET<\/time><\/p>\n<\/footer>\n<p>The EU\u2019s national leaders vowed today to take action further to get their economies growing again at a two-day summit. But there were differences over how far and fast to push ahead with structural reforms to revive growth. <\/p>\n<p>At the summit in Brussels, leaders backed the need to combine deficit reduction with measures to boost economic growth, reaching agreement on \u201ccompleting the single market\u201d. <\/p>\n<p>Herman Van Rompuy, the president of the European Council, defended the EU\u2019s economic strategy against criticism that the emphasis on deficit reduction was depressing economic growth.&nbsp; <\/p>\n<p>\u201cWe\u2019re not doing this because we like slashing debt but because it makes it possible for us to have economic growth and more jobs,\u201d he said. \u201cThe quicker we are able to restore confidence in the euro area, the quicker consumers and companies will be able to consume and invest.\u201d <\/p>\n<p>There was, however, disagreement over how quickly the EU should push through reform of labour and product markets. <\/p>\n<p><H3>Single-market reforms<\/H3><\/p>\n<p>Ahead of the summit, David Cameron, the UK\u2019s prime minister, and leaders from 11 other countries, sent Van Rompuy and Jos\u00e9 Manuel Barroso, the European Commission president, a letter calling for swifter action to deepen the single market and liberalise the services market. <\/p>\n<p>Cameron said that economic reform was the only way to drive growth because countries could no longer rely on running up debt to boost the economy. <\/p>\n<p>Click Here: <a href='https:\/\/www.nrlshops.com\/France-rugby' title='Cheap France Rugby Jersey'>Cheap France Rugby Jersey<\/a><\/p>\n<p>\u201cIn Europe there is no room for fiscal stimulus. No governments have got the money to stimulate their economy through large tax cuts that are not funded or for spending increases,\u201d he said. Instead, free trade, opening up markets and de-regulating the economy were the only ways to stimulate growth. <\/p>\n<p>Cameron welcomed the fact that the prime ministers of Italy and Spain had joined the group of 12 leaders backing the letter. Referring to how pro-free market initiatives were usually supported only by northern European member states, Cameron said: \u201cWhat is different is having the Italian prime minister, the Spanish prime minister and the Portuguese prime minister very sympathetic too.\u201d <\/p>\n<p>Cameron said that the summit conclusions had been \u201cfundamentally rewritten in line with our demands\u201d. He said that the original version had not mentioned deepening the single market \u201cwe now have a clear commitment to take action in that area\u201d.<\/p>\n<p>Germany and France did not throw their weight behind the letter&nbsp;from the 12 leaders. <\/p>\n<p>Sarkozy said that he welcomed the letter on growth but that he and Merkel disagreed with \u201cabout 10% of it\u201d. <\/p>\n<p>He said that he particularly rejected the push for the liberalisation of services and for more de-regulation. <\/p>\n<p>The conclusions of the summit, which were approved unanimously, says: \u201cThe European Union is taking all necessary measures to put Europe back on the path to growth and jobs. This requires a two-pronged approach, covering both measures to ensure financial stability and fiscal consolidation and action to foster growth, competitiveness and employment.\u201d<\/p>\n<\/p>\n<footer class=\"content-credits\">\n<h6>Authors:<\/h6>\n<dl class=\"vcard\">\n<dt class=\"credits-author\"><span class=\"vcard\">Simon Taylor<\/span>&nbsp;<\/dt>\n<\/dl>\n<\/footer>\n","protected":false},"excerpt":{"rendered":"<p>National leaders emphasise growth Summit agrees on need to complete single market, but differences persist between EU\u2019s largest economies. European Voice By Simon Taylor 3\/2\/12, 7:37 AM CET Updated 4\/12\/14, 10:52 PM CET The EU\u2019s national leaders vowed today to take action further to get their economies growing again at a two-day summit. But there&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-4405","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4405"}],"version-history":[{"count":0,"href":"https:\/\/googmn.com\/index.php?rest_route=\/wp\/v2\/posts\/4405\/revisions"}],"wp:attachment":[{"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/googmn.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}