Euro-pact plus decision carries hidden threat

Article reports that United Kingdom Prime Minister David Cameron would write to European Union leaders March 2011 urging them to adopt a British plan for growth, at a time when some UK officials feared he was in danger of being sidelined in a two-speed Europe after the UK decided not to sign up to the Euro Pact Plus at the European Council, 24-25 March 2011.

Europe needs to reform to drive growth or risks falling further behind its competitors, Prime Minister David Cameron warned on the 30 March 2011.

In a pamphlet 'Let’s Choose Growth', published on the same day, it warned there was a stark prospect that if current trends continue, by the middle of the century, leading EU nations could fall out of the world’s top-10 most powerful economies.

The pamphlet, which sets out a series of measures, comes as a growing number of EU countries are making the case for action on growth, deregulation and completing the single market.

ESO: Background information: EU agrees incomplete financial package http://www.europeansources.info/record/eu-agrees-incomplete-financial-package/

ESO: Background information: UK leads attempts to find summit space for single market http://www.europeansources.info/record/uk-leads-attempts-to-find-summit-space-for-single-market/

United Kingdom: HM Government: Let's choose growth, March 2011 http://www.number10.gov.uk/wp-content/uploads/EU_growth.pdf

United Kingdom: No.10 Downing Street: Press Release, 30.3.11: Reform the key to unlocking EU growth http://www.number10.gov.uk/news/press-notices/2011/03/reform-the-key-to-unlocking-eu-growth-62710

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