EU Summit acknowledges economic slowdown, urges for structural reforms.

(From Athens News Agency)

European Union leaders reaffirmed a slowdown in economic growth and in job creation this year and said that economic uncertainties and world political dangers were burdening heavily on short-term prospects and delaying recovery, while noting that emphasis should be given by member-states in fulfilling their commitments on healthy macro-economic policies and structural reforms

In a draft conclusion paper of the EU Spring Summit, held in Brussels, the 15 leaders noted that after four years of implementing a Lisbon Strategy plan, EU economies have created five million new jobs, of which 500,000 last year despite negative economic …