EU Leaders Adopted a “Europe 2020” Strategy and Enhanced Budgetary Control

On June 17, 2010 the first day of the European Council’s meeting was held in Brussels. The EU leaders adopted a new ten year strategy “Europe 2020” and decided to enhance control over the EU states budgetary and macroeconomic surveillance.

“The crisis has revealed clear weaknesses in our economic governance, in particular as regards budgetary and broader macroeconomic surveillance”, the European Council’s conclusions say.

“And reinforcing economic policy coordination therefore constitutes a crucial and urgent priority”, the EU leaders stress.

In response to nowadays challenges the European Council adopted “Europe 2020”, the EU’s new strategy for jobs and growth, aimed to replace the earlier “Lisbon Strategy” (2000-2010).

“We adopt "Europe 2020", our new strategy for jobs and smart, sustainable and inclusive growth. It constitutes a coherent framework for the Union to mobilise all of its instruments and policies and for the Member States to take enhanced coordinated action”, the European Council conclusions say.

EU leaders also stressed that the new strategy “will promote the delivery of structural reforms” in the EU.

Earlier the President of the European Commission José Manuel Barroso argued that with the new strategy the EU is “striving to avoid a decade of debt and build a generation of growth." At the summit EU leaders also reaffirmed EU’s “collective determination to ensure fiscal sustainability, including by accelerating plans for fiscal consolidation” and confirmed the EU’s commitment “to ensuring financial stability by addressing the gaps in regulation and supervision of financial markets”.

The leaders also decided to set up three “European Supervisory Authorities” that can begin working from the beginning of 2011.

The European Council also welcomed the Commission opinion on Iceland's application for membership of the EU, saying that Iceland meets the EU membership Copenhagen criteria. The leaders adopted the recommendation that accession negotiations with Iceland should be opened.

International Affairs Section
the European Party of Ukraine

Other materials:
	Kyiv Appeal Administrative Court Satisfied Mykola Katerynchuk's Appeal Complaint Concerning the Central Electoral Committee’s Inactivity			The European Party of Ukraine Won about 2 percent of Votes at the Elections to Local Governing Bodies
	TV video about European Party of Ukraine			Mykola Katerynchuk Signed a Joint Letter from Oppositional Parties to International Organizations Concerning Local Elections Falsifications
	Mykola Katerynchuk Met with the President of PACE Mevlut Cavusoglu			Mykola Katerynchuk: Without VAT Reforming Tax Reforms are Impossible
	The Militia Prevents the European Party in Holding a Voters’ Meeting in the Sofia Square in Kyiv (updated 11:30)!!!			EU launches new waste management project in Zakarpattya oblast
	Mykola Katerynchuk Called this Year Local Elections a Farce			THE APPLICATION Of the European Party of Ukraine to the President of Ukraine
	THE STATEMENT of the European Party of Ukraine Concerning the Power Decision to Raise the Gas Prices for the People			Mykola Katerynchuk Submitted about 60 Amendments to the Local Elections Draft Law
	Belgium takes over the rotating EU presidency			The STATEMENT- REFERENCE of the European Party of Ukraine
	Mykola Katerynchuk Applied to the Prime Minister with the Offer to Transfer the Tax Code Consideration for the Autumn			EU Leaders Adopted a “Europe 2020” Strategy and Enhanced Budgetary Control
	Mykola Katerynchuk: Having turned down our Tax Code the Authorities Refused the European Rules of the Relationships between the State and Business			THE STATEMENT
	The Foreign Affairs Committee Supported the Resolution on Application for EU membership			Mykola Katerynchuk: If Power is really concern about the State’s Economy it will support our Tax Code
	The European Party of Ukraine Calls the Regional Councils Deputies to Support the Initiative of Ukraine’s EU Membership Application
			Archive >>