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Commission President José Manuel Barroso sets out a EU strategy for sustainable growth and jobs in his annual State of the Union speech to the European Parliament.
“We are now facing the greatest challenge our Union has ever known throughout its history,” he said, referring to the continuing economic crisis.
The EU must renew itself by becoming more competitive, living within its means, taming “irresponsible” financial markets, addressing economic imbalances and addressing the pressures of globalisation.
Above all, more political will and leadership is needed to rebuild confidence and trust – among its citizens and in the financial markets.
The Commission’s full reform agenda needs to be implemented so Europe can create sustainable growth and jobs.
The agenda includes:
- Investing in research, innovation, resource efficiency and education – detailed proposals need to be adopted
- connecting Europe’s energy, transport and digital networks
- addressing youth unemployment – providing more support for internships and apprenticeships, and accelerating other EU programmes.
The Commission will also present proposals for EU project bonds, which would raise money for investment in infrastructure projects across Europe.
We can renew Europe, he said.
Citizens can submit questions to President Barroso up to 5 October. He will answer them in a live interview, which will be broadcast on World View and Euronews TV.