Baku-APA. European Commission President Jose Manuel Barroso on Thursday called on European Union member states to support investment in Europe and stick to structural reforms as a comprehensive move to boost growth, APA reports quoting Xinhua.
Barroso made the remarks in Brussels at a press conference following the Tripartite Social Summit and ahead of the European Union Summit.
"Europe has already been doing a lot of investment. And I think we can all agree that we can and should do more," Barroso said.
He said targeted investment is the third pillar of the European economic recovery, alongside fiscal consolidation and structural reforms.
Because of the urgency of the financial and sovereign debt crisis, attention was more focused on fiscal consolidation among EU member states, he noted.
"But I want to make it clear: our response and our proposal has always been an holistic response, a comprehensive response that includes structural reforms and investment," he added.
He also underlined the importance of reforms which member states should stick to.
"If we really want to boost growth and jobs, if we are serious about reaching our 2020 targets, Member States need to get serious about reform," he said.
"To finally get past the crisis, we need to work on all fronts. Yes, we need investment, both public and private. But at the same time, we must preserve our hard-won market confidence by maintaining sound public finances and reforming our economies," he added.
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