European Council discussed the economic situation in Europe

The European Council stressed the importance of structural reforms, fiscal responsibility and investments in the National Reform Programmes of all Member States. The European Fund for Strategic Investments is a concrete step in speeding up economic growth in Europe. The European Council also underlined the significance of concluding the Transatlantic Trade and Investment Partnership (TTIP) trade negotiations between the European Union and the United States by the end of the year.

"The trade negotiations should move as far forwards as possible in 2015. However, the contents of the agreement is more important than its schedule. Finland strives for an ambitious and comprehensive agreement in line with the negotiating mandate", Prime Minister Alexander Stubb says.

"Reaching an agreement would improve the prospects of Finnish export industries and create jobs in Finland. Jointly agreed EU-US standards and procedures would act as a model for other countries and facilitate the creation of multilateral rules", Prime Minister Stubb says.

The European Council called for an immediate and unconditional ceasefire in Libya. The EU leaders urged Libyan parties to rapidly agree on a Government of National Unity. Only a political solution can provide a sustainable way towards a democratic transition.  The EU is committed to ongoing UN efforts and will reinforce its current support to the UN Support Mission in Libya.

The European Council condemned the act of terror on Tunisia. The EU will intensify cooperation with Tunisia in the fight against terrorism and strengthen its support to Tunisia's democracy development.

Inquiries: Lauri Tierala, Special Adviser (EU Affairs), tel. +358 40 841 7141 and Kare Halonen, State Secretary, EU Affairs, tel. +358 295 160 315, Prime Minister’s Office