EU council

A Growth Compact for the European Union

Sony Kapoor, Director of Re-Define Peter Bofinger, Member of the German Council of Economic Experts 

Dated the 30th of January 2012

THE CONTRACTING PARTIES………….

CONSCIOUS of the need to tackle the unprecedented social, political, economic, employment and institutional challenges confronting the Union, and

RECOGNIZING that promoting growth is the best possible way of rising up to these challenges, thus

DESIRING to kick-start growth in short-term and construct structures and implement policies that put the Union on a path of higher growth in the long-term, especially as only growth will create the economic and political space to enact the serious structural reforms the Union needs, and