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Europaudvalget 2011-12
Det Europæiske Råd 23/10-11 Bilag 6
Offentligt

EUROPEAN COUNCIL

THE PRESIDENT

Brussels, 19 October 2011

It is my pleasure to invite you to the meeting of the European Council in Brussels on

23 October 2011.

The economic situation is worsening: growth is slowing down in Europe and globally, partially due

to the sovereign debt risks in certain countries, which also have an impact on the banking sector.

This imposes upon us to take all the measures required to consolidate budgets, reduce debt levels

and preserve financial stability. In addition to addressing these immediate challenges, determined

action is required to promote jobs and sustainable growth.

After the traditional exchange of views with the President of the European Parliament, we will

therefore concentrate our discussion on those measures to which we should give utmost priority

because of their effect on growth in the short to medium term. This includes fast-tracking efforts as

regards the single market, the digital agenda and the reduction of the burden on our enterprises. It

also means better mobilising our external policies to promote our growth agenda. In this context we

should also discuss the preparation of the G20 Cannes Summit, which should give top priority to

restoring growth and ensuring financial stability.

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I will ask José Manuel Barroso to share with us the Commission's ideas on how to enhance growth

and Donald Tusk to distil for us the insights from the conference the Polish Presidency organised on

this issue on 6 October. Nicolas Sarkozy could then brief us on the preparations for the Cannes

Summit. Our draft conclusions already contain a number of useful orientations and after two

discussions by the General Affairs Council, I hope they will be well balanced, allowing us to

approve them rapidly, before our working luncheon. At the end of our morning session we will

briefly touch upon foreign policy and climate change.

We will then move to our luncheon, where we will be joined by the President of the ECB. We will

discuss the latest developments, notably as regards financial markets, and take the decisions

required concerning the recapitalisation of the banking sector. On this occasion I will also inform

you of the decisions expected to be taken by the euro area Heads of State or Government later that

day as regards further measures to restore confidence in our fiscal, financial and governance

systems.

You all know that we face daunting challenges. We can only overcome them if we act jointly and

decisively. I am confident that in our meeting we will together be able to rise to the occasion.

H. VAN ROMPUY