5 October 2011
Letter to the President of the Commission José Manuel Barroso and the President of the
European Council Herman Van Rompuy.
Dear President of the European Council, dear President of the European Commission,
The European Union is facing enormous challenges. While government deficits and debts have
increased significantly, overall unemployment is high and growth prospects are gloomy. The
financial and sovereign debt crisis has uncovered fundamental weaknesses in economic
performance within the European Union, and within the euro area in particular. We believe that
what is most essential is fiscal discipline combined with nationally implemented structural reforms
to make public finances sound and sustainable. This is a precondition for stable and sustainable
growth.
At the same time healthy structural growth is a precondition for the sustainability of sound public
finances. Therefore, a clear and credible commitment to work on an ambitious growth agenda,
both at the national and at the EU level, is necessary to get Europe back on track. If we want to
continue to benefit from the world’s largest internal market that has been carefully constructed
during the last 50 years, all Member States must be involved in the decisions to further the EU’s
growth and competitiveness. Those benefits would be lost in a two speed Europe.
At a national level, Member States need to vigorously implement growth enhancing structural
reforms to improve the functioning of labour, services and product markets and to increase their
competitiveness. Reforms that increase the adaptability of Member States’ economies and create
room for citizens and companies to identify and grasp the opportunities at hand. In this context the
recommendations made under the Europe 2020 Strategy and the European Semester should be
implemented without delay. Peer pressure must be intensified to accelerate the necessary
modifications of the structures underpinning competitiveness in the Member States. To that end,
the microeconomic element of the Europe 2020 strategy should be strengthened as well as
multilateral surveillance.
Moreover, as the EU, it is our responsibility to deliver on the EU-growth agenda. It is now of the
utmost importance that the Commission, Council and Parliament prioritise their existing working
programmes towards crisis-related and growth-enhancing measures in areas of EU competence.
The Commission should take a leading role in drawing up a coherent and concise programme of the
most relevant existing and forthcoming proposals, together with an ambitious timeline for
adoption. This programme and timeline should be endorsed by the European Council.