"Exit strategies need to be designed now and implemented in a coordinated manner as soon as recovery takes hold, taking into account the specific situations of individual countries," said the document.
The EU also urged strengthened global macroeconomic coordination to address global imbalances, saying that "such coordination should be based on a central role for the IMF (International Monetary Fund)."
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German Chancellor Angela Merkel speaks during a press conference after the European Union (EU) informal Summit at EU's headquarter in Brussels, capital of Belgium, Sept. 17, 2009. EU leaders met here on Thursday to prepare their common positions for the upcoming summit of Group of 20 (G20) major economies in Pittsburgh next week |
On employment, the EU document said that laying the basis for a sustainable recovery and sound public finances is the best way to ensure a rapid return to employment, prodding to speed up structural reform.
It stressed that to avoid permanent exclusion from the labor market, particular attention must be paid to maintaining employment, creating new jobs and promoting mobility; upgrading skills and matching labor market needs; and increasing access to employment.
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French President Nicolas Sarkozy speaks during a press conference after the European Union (EU) informal Summit at EU's headquarter in Brussels, capital of Belgium, Sept. 17, 2009. |
The number of the jobless would increase from 2008 to 2010 to 9.5 million people, said Reinfeldt.
The special EU summit is designed to work out a joint position ahead of next week's G20 meeting in Pittsburgh.