Joint letter from Prime Minister David Cameron, Prime Minister Mark Rutte, Prime
Minister Mario Monti, Prime Minister Andrus Ansip, Prime Minister Valdis
Dombrovskis, Prime Minister Jyrki Katainen, Taoiseach Enda Kenny, Prime Minister
Petr Nečas, Prime Minister Iveta Radičová, Prime Minister Mariano Rajoy, Prime
Minister Fredrik Reinfeldt, and Prime Minister Donald Tusk
Herman van Rompuy
President of the European Council
José Manuel Barroso
President of the European Commission
20 February 2012
A PLAN FOR GROWTH IN EUROPE
We meet in Brussels at a perilous moment for economies across Europe. Growth has stalled.
Unemployment is rising. Citizens and businesses are facing their toughest conditions for
years. As many of our major competitor economies grow steadily out of the gloom of the
recent global crisis, financial market turbulence and the burden of debt renders the path to
recovery in Europe much harder to climb.
Europe has many fundamental economic assets. But the crisis we are facing is also a crisis of
growth. The efforts that each of us are taking to put our national finances on a sustainable
footing are essential. Without them, we will not lay the foundations for strong and lasting
economic recovery. But action is also needed to modernise our economies, build greater
competitiveness and correct macroeconomic imbalances. We need to restore confidence,
among citizens, businesses and financial markets, in Europe’s ability to grow strongly and
sustainably in the future and to maintain its share of global prosperity.
We discussed these issues when we last met. It is right that we discuss them again. Building
on the conclusions we have previously reached, it is now time to show leadership and take
bold decisions which will deliver the results that our people are demanding. We welcome the
steps being taken, nationally and at the European level, to address this challenge and look
forward to agreeing further concrete steps at our next meeting, with action focused on eight
clear priorities to strengthen growth.