| European Commission urges European Council to tackle economic crisis and play leading role at G20 meeting |
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The European Commission is calling on EU leaders to further step up coordinated European action to fight the economic crisis. In its communication to the European Council summit on 19-20 March, the Commission sets out a comprehensive reform of the financial system. It claims that a clear and united commitment to this programme, which it sees as ambitious, can pave the way for the EU to give a global lead at the G20 summit in London on 2 April. The communications makes proposals on the banking system; financial regulation and supervision; the real economy; employment and promoting global recovery. Read the European Commission's communication 'Driving European Recovery', March 4, 2009 Read the annexes to the European Commission's communication, March 4, 2009. |