EU-US Summit joint statement

28 November 2011

US and EU representatives announced that they are committed to working together to reinvigorate economic growth, create jobs, and ensure financial stability.

"Since our meeting in Lisbon last November, the global economy has entered a new and difficult phase. We are committed to working together to reinvigorate economic growth, create jobs, and ensure financial stability. We will do so by taking actions that address near- term growth concerns, as well as fiscal and financial vulnerabilities, and that strengthen the foundations of long-lasting and balanced growth. In that regard, the United States welcomes the EU’s actions and determination to take all necessary steps to ensure the euro area’s financial stability and resolve the crisis. The EU looks forward to US action on medium-term fiscal consolidation. We agree on the importance of working together with emerging economies to foster policies supporting sustained and balanced global growth. We recall our commitment to implement fully the outcome of the G20 Cannes Summit."

Full statement

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