On 23 October 2011, two summits took place in Brussels. First, the European Council discussed the economic policy, including the promotion of growth and employment, and preparations for the G20 Summit. After this meeting, the Eurozone Leaders debated the financial situation and governance of the euro area. At the European Council meeting, Heads of State or Government identified a number of priorities required for securing sustainable growth and job creation and discussed the sovereign debt crisis, economic governance and recapitalisation of banks. Strengthening of the single market, supporting the digital agenda and cutting red tape for businesses are necessary to boost the EU's growth potential and help pull Europe out of the crisis. The European Council also discussed ways to mobilise the EU's external policies to promote the growth agenda, including at the G20 Summit in Cannes at the beginning of November 2011. After the European Council, the Eurozone Heads of State or Government discussed the financial situation, including the strengthening of the banking system, economic and fiscal coordination and surveillance, and the governance structure of the euro area.