News story

EU to ensure fiscal sustainability - PM

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

EU member states are determined to ensure 'fiscal sustainability' to restore economic confidence and growth, the Prime Minister has said.

Speaking at a press conference following his first EU Council in Brussels, the PM said that tackling fiscal deficits was an “essential step” towards securing economic recovery and that a new EU strategy for growth would help bolster the UK economy by creating jobs and driving exports.

The PM said:

There were clear agreements to tackle our fiscal deficits. The conclusions say, and I quote, that ‘Member States are determined to ensure fiscal sustainability and achieve budgetary targets without delay’. This is an essential step to restoring confidence necessary to underpin the recovery…

A stronger European economy will strengthen economic recovery at home, creating jobs and helping to drive British exports.

Mr Cameron said the meeting had also dealt with plans for financial reform in anticipation of next week’s G20 meeting in Canada, the implementation of UN sanctions on Iran and the honouring of aid commitments made to 2015.

Read the transcript: EU Council press conference.