European Union (EU) leaders announced on Friday they have set economic priorities on for next five years after a summit meeting in Brussels.
A EU official statement said European countries are emerging from the deepest economic crisis, but important challenges such as slow growth, high unemployment etc. still remain.
"All our economies need to continue to pursue structural reforms" and therefore the EU needs bold steps to foster growth.
The priorities which the EU leaders set are to fully exploit the potential of the single market in all dimensions, to promote a climate of entrepreneurship and job creation, to invest and prepare our economies for the future, to reinforce the global attractiveness and to make the Economic and Monetary Union a more solid and resilient factor of stability and growth.