G8 leaders back twin-track approach of stability and growth to foster global economic recovery and create jobs at G8 meeting at Camp David – 18 and 19 May.
In their frank and candid discussion in Camp David, all G8 leaders agreed to boost economic recovery and create confidence by putting public finances in order, while at the same time taking growth-boosting measures.
They also stated that a strong and cohesive eurozone is important for global stability and recovery. They acknowledged EU efforts to restore growth and expressed their strong wish to keep Greece in the euro, while respecting its commitments.
Commission President José Manuel Barroso and President of the European Council, Herman Van Rompuy represented the EU at the meeting.
“On Greece, it is important that, together with our G8 partners we reaffirmed our strong wish to see Greece staying in the eurozone, while respecting the commitments that were made,” they said in a joint statement .
G8 leaders also agreed on coordinated action in the event of a disruption of oil supplies to prevent shocks for the global economy.
Important outcomes from other priority areas of discussions on the agenda of the 2-day meeting include:
G8 leaders called on Syria’s government and opposition forces to comply with a joint UN and Arab League peace plan so the country can begin a transition to democracy.
The G8 is an informal group of advanced economies that meets once a year to discuss global issues of mutual concern. The EU participates – as well as individual EU countries France, Italy, Germany and the UK.
All G8 countries are also members of the G20. The G20 summit will be held in Los Cabos, Mexico next month.
Read more in the complete Camp David Declaration