Bloomberg News

Europe Can’t Ensure Global Recovery, Growth Alone, EU Tells G20

November 01, 2011

Oct. 30 (Bloomberg) -- European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy have written to the G20 “to summarize and explain Europe’s comprehensive crisis response” ahead of the G20 summit in Cannes this week.

“We will implement these measures rigorously and in a timely manner, and we are confident that they will contribute to the swift resolution of the crisis,” the letter, issued today, said. “Whilst we in Europe will play our part, this cannot alone ensure global recovery and rebalanced growth. There is a continued need for joint action by all G20 partners in a spirit of common responsibility and common purpose.”

Barroso and Van Rompuy said the EU’s overall objective was “to help restore global confidence, support sustainable growth and job creation, and maintain financial stability.”

The Cannes summit will be held on Nov. 3 and Nov. 4.

To contact the reporter on this story: James G. Neuger in Brussels at jneuger@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net


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