Europe needs to become more competitive and create more jobs in order to ensure its future prosperity, Dutch prime minister Mark Rutte said after Monday night’s informal EU summit on the eurozone debt crisis.
‘There are currently 23 million people in the EU without work and in the long term, that is not sustainable,’ Rutte said. ‘The internal market can be an important motor for growth, but only 40% of the EU economy falls under it. That percentage must be increased,’ Rutte said in a statement. At the same time, moves to improve budgetary discipline within the eurozone are being taken. ‘The agreements in the stability and growth pact have been tightened up considerably, meaning faster and tougher intervention can take place,’ Rutte said.