EUROPEAN COUNCIL
THE PRESIDENT
Brussels, 8 October 2012
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In June, we agreed on the Compact for Growth and Jobs. It allows us to focus our efforts and have a
coherent approach on priority measures in all areas which contribute significantly to growth. But a
key element is implementation; our commitments will not make the Union return to growth unless
they are followed by decisive action. Concrete delivery is crucial both for the credibility of our
actions in the eyes of the European citizens and for ensuring coherence of the instruments we are
developing.
I have kept a close eye on the progress made over the past months, in particular as regards the
Single Market. Within the European Council, we have set the objective for all twelve priority levers
of the Single Market Act (SMA) to be adopted by the end of the year. As that deadline is drawing
closer, the picture is mixed as regards the state of play.
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