PDF to HTML - Convert PDF files to HTML files

Europaudvalget 2009-10, Det Udenrigspolitiske Nævn 2009-10
Det Europæiske Råd 17/6-10 Bilag 3, UPN Alm.del Bilag 98
Offentligt

COUNCIL OF

THE EUROPEAN UNION

Brussels, 8 June 2010

10695/10

LIMITE

CO EUR-PREP 32

NOTE

from :

to :

Subject :

The General Secretariat of the Council

COREPER/General Affairs Council

European Council (17 June 2010)

– Draft conclusions

In accordance with article 2(3)(a) of the Council's Rules of Procedure, delegations will find

attached the draft conclusions prepared by the President of the European Council, in close

cooperation with the member of the European Council representing the Member State holding the

six-monthly Presidency of the Council and with the President of the Commission.

10695/10

DQPG

LIMITE EN

PDF to HTML - Convert PDF files to HTML files

The EU has met the worldwide financial crisis with united resolve and has done what was

necessary to safeguard the stability of the Economic and Monetary Union. In particular, in May it

agreed on a support package for Greece as well as on a European financial stabilisation

mechanism, which it finalised in June. We have been laying the foundations for a much stronger

economic governance. We remain committed to taking all necessary action to put our economies

back on the path of a sustainable and job-creating growth.

To that end, today:



we adopt "Europe 2020", our new economic strategy for jobs and growth. It is a

coherent framework for the Union to mobilise all of its instruments and policies and for

the Member States to take enhanced coordinated action. The emphasis must now be on

implementation, and we will guide and monitor this process. We will discuss further,

over the coming months, how specific policies can be mobilised to unlock the EU's

growth potential, starting with innovation and energy policies;

we reaffirm our collective determination to ensure fiscal sustainability and enhanced

economic growth, including by accelerating plans for fiscal consolidation and

structural reforms where warranted;

we renew our commitment to ensuring financial stability by addressing the gaps in

regulation and supervision of financial markets, both at the level of the EU and at the

G20. We agree to rapidly advance on key legislative measures so that the new

supervisory bodies can start work from the beginning of next year and set an ambitious

position for our representatives to take at the Toronto Summit;

we fully agree on the urgent need to reinforce the coordination of our economic

policies. We take first decisions and set orientations for further work as regards the

Stability and Growth Pact and budgetary surveillance as well as broader

macroeconomic surveillance. We look forward to the final report of the Task Force in

October.



10695/10

DQPG

LIMITE EN

PDF to HTML - Convert PDF files to HTML files

A NEW EUROPEAN STRATEGY FOR JOBS AND GROWTH

Finalising and implementing the Europe2020 Strategy

The European Council today has finalised the European Union's new economic strategy for

jobs and growth. The Strategy will help Europe recover from the crisis and come out stronger,

both internally and at the international level, by boosting competitiveness, productivity,

growth potential, social cohesion and economic convergence.

The new strategy responds to the challenge of reorienting policies away from crisis

management towards the introduction of medium- to longer-term reforms that promote the

sustainability of public finances. Member States are determined to ensure fiscal sustainability

and enhanced economic growth, including by accelerating plans for fiscal consolidation and

structural reforms where warranted. Since May, several Member States have announced

further budgetary consolidation efforts. Priority should be given to growth-friendly budgetary

consolidation strategies focused on expenditure restraint. Fiscal consolidation paths will be

differentiated across Member States in line with their exit strategies. Increasing the growth

potential should be seen as paramount to ease fiscal adjustment in the long run.

The European Council confirms the five EU headline targets (see annex) which will constitute

shared objectives guiding the action of Member States and the Union as regards promoting

employment; improving the conditions for research and development; meeting our climate

change objectives; improving education levels and promoting social inclusion in particular

through the reduction of poverty. It agrees on the quantification of the education and social

inclusion/poverty indicators, as agreed by the Council. It gives its political endorsement to the

Integrated Guidelines for economic and employment policies, which will be formally adopted

following the European Parliament's opinion.

10695/10

DQPG

LIMITE EN

PDF to HTML - Convert PDF files to HTML files

Member States must now act to implement these policy priorities at their level. They should

rapidly finalise their national targets according to their national decision-making procedures

and in close dialogue with the Commission. They should also identify the main bottlenecks to

growth and indicate, in their National Reform Programmes, how they intend to tackle them.

Work must also be taken forward at the European level. In particular, Europe's Single Market

needs be taken to a new stage, through a comprehensive set of initiatives. The Commission

will present concrete proposals building on the report presented by Mr Mario Monti on a new

strategy for the Single Market.

The European Council endorses the objectives of the first flagship initiative on a 'Digital

Agenda for Europe' and calls upon all institutions to engage in its full implementation. The

Commission is invited to report on progress achieved by the end of 2011. The European

Council looks forward to the presentation of the other flagship initiatives before the end of the

year.

Enhancing economic governance

The crisis has revealed clear weaknesses in our economic governance, in particular as regards

budgetary and broader macroeconomic surveillance. Reinforcing economic policy

coordination therefore constitutes a crucial and urgent priority.

p.m. Task Force progress report and first orientations

Regulating financial services

Pursuing stronger regulation and supervision of financial markets is of paramount importance.

The European Union is committed to making rapid progress in this field, whilst ensuring a

level-playing field at the global level. The European Council

10695/10

DQPG

LIMITE EN

PDF to HTML - Convert PDF files to HTML files

(a)

calls on the Council and the European Parliament to rapidly adopt the legislative

proposals on financial supervision to ensure that the European Systemic Board and the

three European Supervisory Authorities can begin working from the beginning of 2011;

(b)

calls for the Commission's proposal on the improvement of the EU's supervision of

credit rating agencies to be examined swiftly;

(c)

supports the intention of the Commission to come forward in the next months with

legislative proposals to further strengthen the regulation and supervision of financial

markets, particularly as regards the functioning of derivative markets; taking measures

on short selling and credit default swaps; improving deposit guarantee schemes; and

improving the capital requirements for banks and calls upon Council and Parliament to

adopt the last piece of legislation by the end of 2011 at the latest to enable

implementation in national law by the end of 2012.

II.

G 20 TORONTO SUMMIT

Our response to the crisis must continue to be coordinated at the global level. The European

Council endorses the position for the Toronto Summit set by the Council on 8 June. The EU

calls for rapid progress on key issues, such as the coordinated implementation of exit

strategies; common principles for comprehensive for financial sector reform; and the G20

Framework for Strong, Sustainable and Balanced Growth. The forthcoming G20 Toronto

Summit must ensure that commitments made at previous summits are fully and rapidly

implemented by all parties.

p.m. bank levy

10695/10

DQPG

LIMITE EN

PDF to HTML - Convert PDF files to HTML files

III. MILLENNIUM DEVELOPMENT GOALS

10.

The forthcoming UN High Level meeting on the Millennium Development Goals constitutes

a unique opportunity to strengthen our collective endeavours and partnerships to ensure we

achieve them. The conclusions adopted by the Council on 14 June provide the European

Union with a strong position in advance of this meeting.

11.

The European Union remains determined to support the achievement of the MDGs globally

by 2015. This is possible if all partners demonstrate strong political commitment, implement

necessary policy changes and take concrete action. The European Union calls on the High

Level Plenary Meeting to agree on concrete actions aimed at: increasing ownership; focusing

efforts; improving the impact of policies; mobilising more and predictable financing for

development; and making more effective use of development resources. The European

Council reaffirms its commitment to achieve the respective development aid targets as set out

in its June 2005 conclusions.

IV. CLIMATE CHANGE

12.

The European Council takes note of the Commission's communication analysing options to

move beyond 20% greenhouse gas emission reductions and assessing the risk of carbon

leakage. It endorses the conclusions reached by the Council on 11 June. It invites the

Commission to undertake further analyses and the Council to examine further the issues

raised in the communication. It reaffirms the intention of the EU to implement its

commitments on fast start financing and to report at the Cancun conference in a coordinated

manner on progress achieved. The European Council will revert to climate change in the

Autumn, in advance of the Cancun conference.

10695/10

DQPG

LIMITE EN

PDF to HTML - Convert PDF files to HTML files

OTHER ISSUES

13.

The European Council expresses its appreciation for the work achieved by the

Reflection

Group.

The Group's report on "Project Europe 2030 - Challenges and Opportunities" will

provide useful input for the European Union's work in the future.

14.

The European Council welcomes the progress achieved in implementing the

European Pact

on Immigration and Asylum

and endorses the conclusions of the Council of 3/4 June.

15.

p.m.

Iceland

16.

The European Council congratulates

Estonia

on the convergence it has achieved, based on

sound economic and financial policies, and welcomes its fulfilment of all the convergence

criteria as set out in the Treaty. It welcomes the Commission's proposal that Estonia adopt the

euro on 1 January 2011.

17.

p.m.

Iran

18.

The European Council adopts the decision on the examination of the amendments to the

Treaties concerning the

composition of the European Parliament

by a conference of the

representatives of the governments of the Member States and decides not to convene a

Convention.

_________________

10695/10

DQPG

LIMITE EN

PDF to HTML - Convert PDF files to HTML files

ANNEX

NEW EUROPEAN STRATEGY FOR JOBS AND GROWTH

EU HEADLINE TARGETS

aiming to raise to 75% the employment rate for women and men aged 20-64, including

through the greater participation of young people, older workers and low-skilled

workers and the better integration of legal migrants;

improving the conditions for research and development, in particular with the aim of

raising combined public and private investment levels in this sector to 3% of GDP; the

Commission will elaborate an indicator reflecting R&D and innovation intensity;

reducing greenhouse gas emissions by 20% compared to 1990 levels;

increasing the

share of renewables in final energy consumption to 20%; and moving towards a 20%

increase in energy efficiency;

improving education levels, in particular by aiming to reduce school drop-out rates to

less than 10% and by increasing the share of the population having completed tertiary or

equivalent education to at least 40%;

promoting social inclusion, in particular through the reduction of poverty, by aiming to

lift at least 20 million people out of poverty or exclusion.

____________________

The EU is committed to taking a decision to move to a 30% reduction by 2020 compared to 1990 levels as its

conditional offer with a view to a global and comprehensive agreement for the period beyond 2012, provided

that other developed countries commit themselves to comparable emission reductions and that developing

countries contribute adequately according to their responsibilities and respective capabilities.

The population is defined as the number of persons who are at risk-of-poverty or of exclusion according to the

three following indicators: at-risk-of poverty; material deprivation; jobless household.

10695/10

ANNEX

DQPG

LIMITE EN