9th European Business Summit – Europe in the world: leading or lagging?: extracts from the keynote speech by José Manuel Barroso
Type: Speech - summary
End production: 18/05/2011 First transmission: 18/05/2011
On 18 May 2011, José Manuel Barroso, President of the EC, gave a keynote speech on the occasion of the 9th European Business Summit - Europe in the world: leading or lagging?, which took place on 18 and 19 May 2011 in Brussels.
He said that European leaders were drawing lessons of the crisis and understanding they needed to adapt to a much more competitive environment. He highlighted that Member States had shown their determination overcoming difficulties together in the banking regulatory and public finance system.
He also added that the Commission's Europe 2020 strategy aimed to achieve a smart sustainable and inclusive economy.
The summit gathered business leaders and decision-makers in the EU, and for this edition it intended to focus on Europe’s place in the global economy. It was also expected to analyse in which areas was the EU lagging behind and what were the business opportunities where it can regain the lead.
Only the original language version is authentic and it prevails in the event of its differing from the translated versions.
||Exterior of the European Business Summit's building
||General view of the conference room
||SOUNDBITE (in ENGLISH) by José Manuel Barroso, President of the EC: the European Union is the biggest single market in the world, with its 5 hundreds million consumers, 22 million enterprises. It is the world's biggest trading partner. It has a unique and enviable political, economic and social model, based on an open economy and on societies with the rule of law. That is why I would like to answer you question based on your conference with three main messages. Firstly, Europe is steadily recovering from the crisis and repairing its weaknesses. Secondly, we are putting in place a positive business environment, constructing the innovative and competitive Europe of tomorrow. And thirdly, we are reinforcing our position in the world by strengthening our competitiveness and working ever more closely with global partners.
||Cutaway of the audience
||SOUNDBITE (in ENGLISH) by José Manuel Barroso: the European Union and Member States have shown their determination in overcoming difficulties together, by addressing also weaknesses in our banking, regulatory and public finance systems. And at the same time they have embraced a new model of economic governance that strengthens the euro and gives stability to the euro area and to the Europe as a whole. The European Council next month is expected to confirm a number of key decisions in this field. A new economic governance, coupled with structural reforms and more intensive policy coordination, will stabilise the foundations of Europe's economy and internal cohesion.
||SOUNDBITE (in ENGLISH) by José Manuel Barroso: all leaders in Europe are learning the lessons of the crisis and understanding that they need to adapt to a much more competitive environment. Moving on to the business environment, the Commission's goal is for Europe to be a leader among global giants. For it to be a top region to invest in and also to learn from, due to its favourable conditions for companies, its stable currency, its mobile workforce, its smart and sustainable growth. And our Europe 2020 strategy aims to make this vision a reality. Europe 2020 is a long-term growth roadmap, with concrete steps and targets towards a smart, sustainable inclusive economy. The task is not simple. But we can only achieve this goal if business and regulators all pull in the same direction.
||General view of the room