The European Union "is at a
crossroads" and needs to work at restoring economic growth while
rebuilding confidence between its institutions and Europe's
citizens, says Premier Matteo Renzi.
In a letter, Renzi set out Italy's position on the debate
about the future of the EU and possible reforms of the economic
and monetary union.
The EU must "face with determination the new challenges" of
the union, Renzi wrote in his letter, which was sent to the
European Commission, the European Central Bank, the Eurogroup of
finance ministers and the EU Parliament.
According to Renzi, the EU must "rebalance" its systems of
economic governance to become more cooperative, allowing member
States to feel better supported.
That includes "measures to deal with the social costs of
the economic crisis and improve public confidence in the EU,"
Renzi said.
He also urged labour market support with help to offset
cyclical unemployment while encouraging a greater common market
oriented to growth and innovation in support structural reforms.
"(The) road towards greater integration requires the
strengthening of the common institutional architecture
and its democratic legitimacy," concluded Renzi.
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