“Go for growth”, a document by Businesseurope sending a message to EU policy makers on the work of the new EU institutions under the Lisbon Treaty, states that the key to success is to ensure that Europe meets the five key challenges facing economies and societies, which are emerging from the crisis, tackling demographic ageing, fighting climate change, ensuring access to energy and raw materials, and strengthening Europe’s role in the global community.

The Malta Chamber of Commerce, Enterprise and Industry is affiliated to Businesseurope.

Go for growth says that four conditions must be fulfilled for a sustained recovery. These include the stabilisation of financial markets through smart regulation, as well as a return to sound public finances, by reaching agreement on an exit strategy from excess public debt and deficits. Furthermore, the EU budget must be reshaped to increase the share of competitiveness-related expenditure. In addition, markets should be kept open through bilateral dialogues, trade negotiations and enforcement of trade rules.

Businesseurope and the Malta Chamber believe that three drivers are necessary for business opportunities. These include the revitalisation of the Single Market. Boosting employment is also top of the agenda, through the promotion of job creation, and the increase in the supply of skilled workers.

Both organisations state that the implementation of one integrated policy for entrepreneurship and industry is the fulcrum on which the way forward should be planned.