Growing out of the crisis - 5 steps to restore confidence
On 26 June 2012, during a press conference, European companies urged the 28-29 June European Council in Brussels to take all the necessary decisions without further delay to restore confidence and put Europe back on track. In its five-point plan 'Growing out of the crisis' BUSINESSEUROPE presented concrete measures to safeguard the euro, improve public finances and speed up structural reforms, promote private investment, unleash the single market, and expand EU external trade. This strategy will allow Europe to double its long-term annual growth rate from 1.25% to 2.5%. BUSINESSEUROPE President Jürgen R. Thumann said: "Europe needs a much stronger investment and competitiveness agenda. Policy makers simply cannot continue to propose measures which increase costs for companies and lament that we are last in the world league for growth". The brochure and the message to the 28-29 June European Council were handed over to Presidents Herman Van Rompuy and José Manuel Barroso as well as Vice-President Olli Rehn.