"Mission growth: Innovation for the competitiveness of European Industry" conference with the participation of José Manuel Barroso
José Manuel Barroso, President of the EC, participated in the "Mission growth: Innovation for the competitiveness of European Industry" high-level conference. In his opening speech entitled "Mission Growth: Ensuring Europe's future through Growth and Stability" the President highlighted it was the moment to go further with the actions for growth for the benefit of European citizens. José Manuel Barroso also stressed that stability and pursuing sound public finances were not an option but a necessity.
The EC would continue pursuing its roadmap for financial stability, ranging from the finalisation of the pending proposals on regulation and supervision, like the Capital Requirements Directive, to banking recapitalisation and banking resolution. Indeed, the Commission was finalizing a very important proposal on legislation on a common framework for the recovery and resolution of banks and investment firms. In the following months, the Commission would issue a report on the quality of public spending which would deal with this very important issue.
Type: College Reference: I-073471 Date: 29/05/2012 Duration: 01:53 Personalities:Barroso, José Manuel Location:Brussels - The Egg Languages:ORIGINAL