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Europe Daily Bulletin No. 8427

23 March 2003
BRUSSELS EUROPEAN COUNCIL 20 AND 21 MARCH 2003 /

The European Union is currently facing, as are other parts of the world, a slowdown in growth and job creation. Economic uncertainties and global political risks weigh heavily on the short-term outlook and have delayed a recovery. This makes it all the more essential to increase the capacity of our economies to grow, through sound macroeconomic policies and purposeful structural reforms.

At Lisbon three years ago the European Union set itself the strategic goal of building the most...