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'Bold' action needed for growth in Europe

Speaking at the World Economic Forum in Davos, David Cameron says that 'real political will' is required to stimulate growth. External site: [World Economic Forum](

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

In a speech to politicians, CEOs and economists, the Prime Minister today set out the need for bold action to drive economic growth.

As global growth forecasts are revised down and world trade continues to contract, the Prime Minister set out his belief that Europe can recover its dynamism only if challenges are confronted with real political will.

In a speech at the World Economic Forum in Davos, David Cameron said:

This is a time to show the leadership our people are demanding. Tinkering here and there and hoping we’ll drift to a solution simply won’t cut it any more.  This is a time for boldness not caution. Boldness in what we do nationally - and together as a continent.

The Prime Minister explained that, in the name of social protection, the EU has promoted unnecessary measures that impose burdens on businesses and governments, and can destroy jobs.

He explained:

We can’t go on like this. That is why Britain has been arguing for a pro-business agenda in Europe.

We need to be bolder still. Here’s the checklist. All proposed EU measures tested for their impact on growth. A target to reduce the overall burden of EU regulation.

A new proportionality test to prevent needless barriers to trade in services and slash the number of regulated professions in Europe. The truth is we can’t afford to wait any longer.

The World Economic Forum is an annual event which sees business leaders, politicians and CEOs gathering at the Swiss resort of Davos.  Find out more.

Read the full speech here.

Published 26 January 2012