We all need to address Europes overall low productivity and lack of economic

dynamism which frankly remains its Achilles heel

Most EU member states are becoming less competitive compare to the rest of
the world, not more
The single market is incomplete; competition throughout Europe is too
constrained. Indeed Britain has long been arguing for a pro-business progrowth agenda in Europe
Thats why as head of the last European council I formed and unprecedented
alliance with eleven of the EU leaders setting out an action plan for jobs and
growth in Europe, pushing for the completion of the single market and services
and energy and digital.
These are gains sitting there, waiting to be taken, if we can show the
political leadership to get it done.
The Euro zone is at a crossroads- it either has to make up or it is looking at a
potential break up.
Either Europe has a committed, stable, successful Euro zone within
effective firewall, well capitalised and regulated banks, a system of fiscal burden
sharing and supportive monthly policy across the Euro zone or we are in
unchartered territory which carries huge risks for everybody.
As I have consistently said, it is in Britains interests for the Euro zone to sort
out its problems.
But People should be in no doubt. Whichever path is chosen I am prepared to do
whatever is necessary to protect this country and to secure our economy and
financial system.