Memo: European commission statement for Schuman day, 9 May 2012 – Time to decide: action for growth, action for jobs

The economic crisis has demonstrated that debt fuelled growth is unsustainable. To tackle the crisis, the EU has undertaken a radical overhaul of its economic governance structures (especially in the Euro area) and of its financial sector. The challenge has always been how to combine fiscal consolidation and convergence, stability and growth.

• Primary Source

European Commission: Speech/12/337: José Manuel Durão Barroso: Seizing the moment to boost growth: 9th May message from the European Commission http://europa.eu/rapid/pressReleasesAction.do?reference=SPEECH/12/337&format=HTML&aged=0&language=EN&guiLanguage=en

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