Better economic governance, new assistance for Greece and reform of the banking sector are among the measures that need to be implemented for economic recovery and job creation.
Commission President José Manuel Barroso has called on EU leaders to act quickly on measures to stimulate economic recovery and control public spending. He also stressed the need for a new assistance programme for Greece and further reform of the banking sector.
The measures focus on:
President Barroso said Europe had acted decisively to recapitalise its banks. Countries are taking action to force ailing banks to strengthen their finances following July's stress tests .
The EU will propose a European financial transaction tax at the G20 summit in Cannes on 3 and 4 November. The tax would help fund the EU's proposed budget for 2014-2020, geared towards investment in growth and jobs.
President Barroso said the EU will continue to play a central role in providing essential humanitarian aid to Libya and supporting the country's transition to democracy.